Mexican retail sales fell 3.2 percent in December from the previous month, data showed on Tuesday, the biggest such fall in more than five years for a sector that is a key to the country’s economic health.
The figures published by national statistics agency INEGI marked the sharpest decline in sales since August 2013.
Goldman Sachs and ratings agency Moody’s both cut their 2019 growth forecasts for Mexico this week, citing weak private investment from businesses apprehensive about the policies of new President Andres Manuel Lopez Obrador.
“The main engine of Mexico’s economy - private consumption on . . .
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