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Mexican retail sales rebound on domestic demand

Wednesday, August 22, 2012

Mexican retail sales rebounded in June, underscoring the health of domestic demand and pointing to steady central bank interest rates in the coming months.

Sales rose 1.8 percent in June from May compared to estimates in a Reuters poll of a 0.9 percent increase. A drop in May was upwardly revised to a 0.13 percent dip, the national statistics office said on Wednesday.

Weaker U.S. demand has dented exports from Latin America's second-largest economy, but domestic demand and the country's services sector expanded strongly in the second quarter.

Source: Reuters