Mexico's Retail Sales Recover 1.5%

(RTTNews) - Mexico's retail sales increased for the first time in three months in April, data from the National Institute of Statistics and Geography, or INEGI, showed on Tuesday.

Retail sales climbed a seasonally adjusted 1.5 percent month-over-month in April, reversing a 1.2 percent fall in March. Meanwhile, economists had expected a slight rise of 0.2 percent.

On a yearly basis, retail sales growth accelerated to 4.6 percent in April from 1.8 percent a month ago.

Without adjustment, retail sales advanced 3.8 percent annually in April, versus an expected increase of 2.5 percent.

Sales of textile products, costumes, jewelry, clothing accessories, and footwear logged a sharp annual growth of 15.9 percent.

Data also showed that wholesale trade decreased by 7.5 percent annually, while it rose 2.4 percent monthly in April.