Mexico Retail Sales Unexpectedly Fall 0.1%

(RTTNews) - Mexico's retail sales decreased for the second straight month in November, data from the National Institute of Statistics and Geography, or INEGI, showed on Tuesday.

Retail sales fell a seasonally adjusted 0.1 percent month-over-month in November, following a 0.3 percent fall in October. Meanwhile, economists had expected a 0.3 percent rebound for the month.

Sales of agricultural and forestry raw materials, for industry, and waste materials dropped 2.9 percent over the month, while those of food, beverages, ice, and tobacco grew 2.3 percent.

On a yearly basis, the decline in retail sales deepened to 2.2 percent in November from 1.7 percent a month ago.