Pantheon Macroeconomics

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25th Nov 2015 05:19Latin America, Economic Monitor

Improving fundamentals have supported private spending in Mexico during the last few quarters. This week's soft retail sales report does not change the picture of a strong underlying trend in consumption. Sales were weaker than expected, falling 1.1% month-to-month in September, but this followed a 1.5% jump in August, and average gains of 1.1% in the previous three months. Mexican retail sales are much more volatile than in most developed economies, and we have been expecting mean reversion following rapid gains during the first half of the year and most of Q3.

mexico retail sales spending brazil inflation labor growth cpi mxn usd copom bcb

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Keywords for: 25 Nov. 2015 Do September's Weak Sales Data Signal Trouble in Mexico?

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