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Mexico retail sales below expectations in July
MEXICO CITY : Mexican retail sales rose less-than-expected in July as economists fret that weak domestic demand and slow
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Sales rose 0.4 percent in July compared with June, lower than the 0.48 percent uptick projected by analysts.
Sales also rose slower than expected compared to a year earlier, climbing by 3.1 percent. A gain of 3.95 percent had been forecast in a Reuters poll.
The market has priced a roughly 50/50 chance that the central bank will lower rates by 25 basis points at its October meeting.
Copyright Reuters, 2011