Fifteen Months Of Negative Retail Sales Growth

January data published by Mexico's institute of financial executives (Instituto Mexicano de Ejecutivos de Finanzas, IMEF) implied the country's manufacturing sector is yet to experience a robust recovery to pre-crisis levels. According to the IMEF general manufacturing index, January's reading was held back by month-on-month declines in the 'new orders' and 'employment' components, leaving the headline index only 0.3% up from previous month's reading.

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