News Column

Stronger Peso Boosts Retail Sales in El Paso

Jan. 3, 2013

Vic Kolenc, El Paso Times, Texas

Mexican Peso banknotes (Creative Commons)
Mexican Peso banknotes (Creative Commons)

A strengthened peso helped get retail sales from Mexican shoppers back on track in the last half of 2012 in El Paso and other border cities, Federal Reserve Bank of Dallas economists reported in a recently released report.

A weak peso hurt retail sales from Mexican shoppers in the second half of 2011 and the first half of 2012, the economists reported.

Mexicans spend more than $4.5 billion annually on food, clothes, and other retail items in Texas border cities, the fourth-quarter report shows.

An estimated 10 percent to 15 percent of El Paso retail sales come from Mexico shoppers, the Dallas Fed economists reported. That share is larger in other border cities: 40 percent to 45 percent in Laredo; 35 percent to 40 percent in McAllen; and 30 percent to 35 percent in Brownsville.

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Source: (c)2013 the El Paso Times (El Paso, Texas) Distributed by MCT Information Services

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