Despite estimates of a possible recession in Mexico due to uncertainty about the global economy, private consumption in the country registered a monthly growth of 1.2% in February 2025, according to data from the Monthly Private Consumption Indicator (IMCP) compiled by the National Institute of Statistics and Geography (INEGI) .
This increase reflected the positive trend in household spending on goods and services , both domestic and imported, despite the tariff policy promoted by the United States.
According to seasonally adjusted monthly figures, consumption of domestic goods and services grew 1.2% , with goods reporting a 2.1% increase and services growing 0.3% . Regarding imported goods, consumption increased 2.7% in February of this year compared to the previous month.
On an annual basis, the IMCP fell 0.7% ; domestically, consumption of imported goods fell 5.3% .
These figures are released in a context where Mexico’s Gross Domestic Product (GDP) registered a quarterly increase of 0.2% in the first quarter of 2025, showing a recovery after a 0.6% decline in the last quarter of 2024.
It is worth remembering that last February, the Ministry of Economy (SE) announced the relaunch of the “Made in Mexico” emblem , which seeks to strengthen the national industry, protect employment and encourage the consumption of Mexican products and services, as a measure to confront the tariff policies of United States President Donald Trump .
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