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February Retail Sales Data Due At 1300BST/0800ET

MEXICO
  • Retail sales are expected to have risen 1.8% in February on an annual basis. This median surveyed forecast would imply a sharp monthly rebound after declines in the previous three months and six of the prior seven. Higher wages and higher levels of consumer sentiment should continue to support the data.
  • Itaú expect a slightly higher recovery to 1.9% YoY and continue to expect strong fiscal spending execution to drive private consumption in 1H24.
  • Data is scheduled for release at 1300BST/0800ET:
    • Feb. Retail Sales MoM, est. 0%, prior -0.6%
    • Feb. Retail Sales YoY, est. 1.8%, prior -0.8%

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