Mexico: Retail sales hit faster pace
Mexican retail sales rose 0.9 percent in April after a revised 0.43 percent drop in March, the national statistics agency said on Wednesday. A Reuters poll forecast a 0.6 percent increase.
The month-on-month growth was the strongest since November, and economists at Barclays said in a note that the data marked "a robust start for the second quarter of 2012."
Consumer confidence in Latin America's No. 2 economy jumped in April to its strongest in four years, but the central bank warned this month that the risks to global growth were increasing due to Europe's debt crisis.
Source: www.reuters.com
