Mexico's Retail Sales Fail to Meet Expectations

Retail sales in Mexico rose less than expected from January 2010 and slipped from the previous month, according to a report by the National Statistics Institute (Inegi). Inegi said retail sales rose 3 percent from January 2010, with increases in most categories of goods, but declines in sales of stationery and articles for entertainment. Sales of food and drink, clothing and footwear, cars and auto parts, and domestic appliances all rose.