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April Retail Sales Due At 1300BST/0800ET

  • Retail sales in April were seen growing 2.5% from the same month last year, according to economists surveyed by Bloomberg, the same pace as in March. Analysts note that retail sales are seen rising this year as household incomes and consumption benefit from higher employment, salaries and remittances. Consumer sentiment is also a positive and slowing inflation provides more upside. Tight monetary conditions and a spending shift from goods into services remain headwinds. Data is due at the top of the hour:
    • April Retail Sales M/m, est. 0.2%, prior -0.0%
    • April Retail Sales Y/y, est. 2.5%, prior 2.5%
  • In separate news, Mexico’s Supreme Court will review the second part of the electoral reform sponsored by President Andres Manuel Lopez Obrador, a month after it annulled part of the same reform, the court said in a statement Monday.

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