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.