MEXICO CITY: Mexican retail sales rose by the most in 3-1/2 years in February compared to the previous month, official data showed on Wednesday.
Retail sales rose 2.4 percent in February from January, the national statistics agency said, bouncing back after slipping two months in a row and coming in above a forecast in a Reuters poll for a 0.6-percent expansion.
Consumer confidence in Latin America's No. 2 economy sank to a record low in January after a big gasoline price hike and a slump in the peso to a record low on fears US President Donald Trump could rip up a free trade deal with Mexico.
But the peso has rallied back as the countries have taken a more constructive tone on trade talks.
Sales increased 3.6 percent in February compared to the same month a year earlier, slightly above the 3.35 percent expected in a Reuters poll.
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