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March Retail Sales Due At 1300BST / 0800ET

MEXICO
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  • Retail sales are expected to rise by 0.3% m/m (vs. +0.4% m/m prior), with the annual rate of growth slowing to 0.0% y/y, from 3.0%. (1300BST / 0800ET).
    • March Retail Sales YoY, est. 0%, prior 3.0%
    • March Retail Sales MoM, est. 0.3%, prior 0.4%
  • Meanwhile, the Finance Ministry will hold a debt swap auction to extend Udibonos maturities at 1730BST(1230ET). On the political front, ruling party presidential candidate Claudia Sheinbaum is due to hold a rally in Mexico City at 1800BST, while opposition presidential candidate Xochitl Galvez will hold a rally at 0000BST(1900ET). Latest polls show Sheinbaum holds a comfortable lead ahead of the June 2 Presidential election.
  • In other news, the country’s power grid operator Cenace declared an operational state of alert over the weekend, amidst an ongoing heat wave. The grid alert is nationwide, according to a statement published on its website. Last week, state electricity company CFE denied there was a power crisis in Mexico, saying the country’s power needs for the next five years are guaranteed.
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  • Retail sales are expected to rise by 0.3% m/m (vs. +0.4% m/m prior), with the annual rate of growth slowing to 0.0% y/y, from 3.0%. (1300BST / 0800ET).
    • March Retail Sales YoY, est. 0%, prior 3.0%
    • March Retail Sales MoM, est. 0.3%, prior 0.4%
  • Meanwhile, the Finance Ministry will hold a debt swap auction to extend Udibonos maturities at 1730BST(1230ET). On the political front, ruling party presidential candidate Claudia Sheinbaum is due to hold a rally in Mexico City at 1800BST, while opposition presidential candidate Xochitl Galvez will hold a rally at 0000BST(1900ET). Latest polls show Sheinbaum holds a comfortable lead ahead of the June 2 Presidential election.
  • In other news, the country’s power grid operator Cenace declared an operational state of alert over the weekend, amidst an ongoing heat wave. The grid alert is nationwide, according to a statement published on its website. Last week, state electricity company CFE denied there was a power crisis in Mexico, saying the country’s power needs for the next five years are guaranteed.