22/06/2011 00:00 AST

Mexico's retail sales increased at a faster pace in April, after slowing in the previous month, data released by statistical office INEGI showed Wednesday.

Retail sales advanced 4.9 percent year-on-year in April, faster than the 1 percent increase seen in March. Economists expected sales to grow 2.7 percent annually.

On a monthly basis, retail sales rose a seasonally adjusted 1.13 percent in April, after increasing 0.01 percent in the previous month.

At the same time, wholesale trade in the country decreased 4.1 percent annually in April, slower than March's 1.1 percent decline. Month-on-month, wholesale trade grew a seasonally adjusted 2.39 percent in April, recovering from the 2.92 percent fall recorded in March.


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