Private consumption in Mexico is expected to rebound during October

Mexican consumers have shown more confidence when it comes to spending, although they remain cautious.

With the end of the year approaching, when purchases of goods and services increase due to discount campaigns and the acquisition of Christmas gifts is anticipated, Mexican consumers have shown more confidence when it comes to spending.

In that regard, the Timely Indicator of Private Consumption (IOCP) estimated an increase in consumption of 3.2% annually for October 2025 , as well as 2.6%, also at an annual rate, for November , according to figures from the National Institute of Statistics and Geography (Inegi) .

On a monthly basis, the IOCP predicted a rise of 0.3% in the tenth month of the year, while for November it projected a decline of 0.1 percent.

The IOCP aims to provide timely and accurate estimates of private consumption, which is one of the country’s economic drivers, according to Inegi.

Private consumption is a key economic indicator in Mexico, as it represents around 70% of the country’s Gross Domestic Product (GDP) .

After private consumption in Mexico showed a decline last September, it recovered last October, although although Mexicans have decided to open their wallets, they are still doing so with restraint, given an economic environment characterized by uncertainty.

The gradual recovery of household income has boosted consumption, with services being the segment with the greatest potential.

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