Mexicans continue to show caution when purchasing goods and services, which affected private consumption in January 2026, which registered a drop of 1.6% compared to December 2025, the National Institute of Statistics and Geography (Inegi) announced this Monday .
In the reference month, the Monthly Indicator of Private Consumption (IMCP) stood at 112.1 points . Year-on-year, private consumption increased by 2.7% in the first month of 2026.
According to seasonally adjusted figures and monthly rates, consumption of imported goods fell by 6.8%, and consumption of domestically produced goods and services fell by 0.7%.
In its year-on-year comparison, spending on domestic goods and services rose 0.4% , while spending on imported goods increased by 12.2% .
According to analysts, domestic consumption is still not showing clear signs of recovery after a 2025 with ups and downs, stemming from internal factors such as a slowdown in the Mexican economy, and external factors such as global trade volatility.
In this environment, factors such as inflation, slower growth, low employment expectations, and external pressures have impacted consumer confidence, leading to reduced spending, according to the consultancy Kantar .
Measuring private consumption is important because it represents the spending by Mexican families on the purchase of goods and services, making it a key indicator of the economy .
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