Mexican annual retail sales growth slows in April 2012: INEGI

21 June 2012 (Last Updated June 21st, 2012 04:54)

Mexican annual retail sales increased at a slower pace in April 2012, according to the data released by National Statistics Institute (INEGI).

Mexican annual retail sales increased at a slower pace in April 2012, according to the data released by National Statistics Institute (INEGI).

Retail sales were up by 2.5% on an annual basis in April, compared to the same period last year and below the 2.9% forecasted by analysts.

Sales growth in March slowed from the 7.6% year-on-year rise registered in February, when sales were boosted by the extra leap year day.

April retail sales growth resulted from gain in the sub-items of hardware and glass, textile products, clothing and footwear, supermarkets, department stores, household goods and computers, among others.

Sales at wholesale, of all the 37 cities considered, increased 2% in real terms in April, compared to the fourth month of 2011.

For all urban areas, retail sales recorded a rise of 2.5% in real terms during April from a year-ago month.

At the subsector level, increases were seen in hardware and glass, textile products, clothing and footwear, supermarkets, department Stores, household equipment, computers and items for interior decoration, healthcare items, and in the motor vehicles, parts, fuel and lubricants.

Sales of stationery, recreation and other personal items, food and beverages declined during the month, on an annual basis.

Month-on-month, retail sales increased a seasonally adjusted 0.93% in April, reversing the previous month's 0.43% decrease.

Wholesale trade sales in Mexico grew 0.19% in April on a monthly basis, after decreasing 0.03% in the previous month.

During the month, persons employed in wholesale sector were higher by 0.8% and in retail sector by 2.3%, compared with the same month of 2011.

In the January-April period, retail sales were up by 4.7%, while wholesales trade sales moved up 3.6% from the corresponding period a year ago.