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ISTANBUL
Mexico’s retail sales fell 0.9% in December on a monthly basis, despite estimates of an increase, the country’s statistical authority said Wednesday.
The expectation for the figure was to show a gain of 0.2%, while retail sales in November rose 0.1% from the previous month.
Total employed personnel in commercial retail companies decreased 0.1%. in December, the National Institute of Statistics and Geography (INEGI) said in a statement.
Retail sales rose 0.7% in December, compared to the same month in 2022, according to INEGI.
That figure also was much lower than the market expectation of a 2.5% gain. Retail sales in November increased 2.7%, year-on-year.