The increase in the purchase of domestic and foreign products resulted in a 0.6% increase in private consumption in Mexico during August 2025 compared to last July, according to the Monthly Indicator of Private Consumption (IMCP) , prepared by the National Institute of Statistics and Geography (Inegi), which was released this Wednesday .
This increase marked the fourth monthly advance of the IMCP so far this year and also reflected the positive evolution of household spending on goods and services , despite the country’s economic volatility.
In the reference month, the indicator stood at 112.1 points . In its year-on-year comparison, private consumption increased by 0.9% in the eighth month of 2025.
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.
According to seasonally adjusted figures and monthly rates, consumption of domestically produced goods and services increased by 0.8 percent . Goods saw a 1.3% increase, while services rose by 0.2 percent. As for imported goods, consumption increased by 0.3% in August of this year compared to the previous month.
In its annual measurement, spending on domestic goods and services grew 0.3% and spending on imported goods advanced 4.4 percent.
After a drop last July, private consumption rebounded in August, driven by the return to school, BBVA Research estimated , noting that, although the increase represents a respite for this segment of economic activity, “it is not enough to consolidate a sign of recovery towards the second half of the year, particularly given the continued deterioration of consumer confidence.”
According to Inegi, “the Monthly Indicator of Private Consumption measures the spending behavior of households on consumer goods and services, both of national and imported origin.”
Consumer confidence declines in October
According to data from Inegi and the Bank of Mexico (Banxico) , the Consumer Confidence Indicator (ICC) reached 46.1 points in October 2025, representing a drop of 0.3 units compared to last September, while at an annual rate and with seasonally adjusted figures, the indicator registered a decrease of 3.2 points in the period.
In the reference month, the component that measures the current economic situation of household members compared to what it was 12 months ago was the only one that increased, with a monthly advance of 0.2 points.
The country’s future economic situation was the component with the largest decline, falling 0.8 points month-over-month. This was followed by the component that assesses the current ability of household members to purchase durable goods , which fell 0.6 points compared to September 2025.
The country’s economic situation today, compared to 12 months ago , fell by 0.3 units, and the expected economic situation of household members within 12 months, compared to the current one , decreased by 0.1 monthly points.
“The Consumer Confidence Indicator measures consumers’ perceptions of their current economic situation and that of the country, as well as their expectations,” Inegi stated.
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