Mexico retail sales rise for second time in three months

6/23/2017 Reuters

Customer buys a television set during the shopping season, "El Buen Fin", at a Walmart store, in the early hours of Friday, in Monterrey
REUTERS/Daniel Becerril

Mexican retail sales rose for the second time in three months in April, official data showed on Friday, pointing to continued support for Latin America’s second biggest economy from private consumption.

Retail sales climbed by 1.2 percent month on month in April when adjusted for seasonal swings, according to data from the national statistics office. Compared with the same month a year earlier, sales were up by 1.4 percent.

Private spending has been a pillar of support for the Mexican economy in recent months, and reports from the private sector suggest it is still holding up.

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