The Consumer Confidence Indicator (CCI), based on the results of the National Consumer Confidence Survey (ENCO), stood at 43.5 points in May 2026 , which implied a decrease of 0.7 units compared to last April, according to information from the  National Institute of Statistics and Geography (Inegi)  and the  Bank of Mexico (Banxico) .

In its year-on-year comparison and with seasonally adjusted figures, the ICC also showed a slowdown, registering a  drop of 3.4 points  in the fifth month of 2026.

This decrease resulted from monthly reductions in the five components that make up the Consumer Confidence Indicator.

During May, the component that measures the country’s expected economic situation in 12 months compared to the current one was the one that fell the most, with a decrease of 1.6 monthly points.

The country’s economic situation today, compared to 12 months ago, has dropped 1 point compared to April 2026.

The current economic situation of household members compared to that of 12 months ago ; as well as the current possibilities of household members, compared to those of a year ago to make purchases of furniture, television, washing machine, among others , were reduced by 0.7 units per month each.

The component that measures the expected economic situation of household members in 12 months compared to the current one registered a monthly decrease of 0.3 points.

On an annual basis, all five components of the ICC also fell , with the expected economic situation of the country in 12 months compared to the current one showing the greatest decrease at 5.8 points.

The decline in consumer confidence, both in its monthly and annual measurements, signals a setback in the Mexican economy and reflects the deterioration in families’ perception of their financial situation, although a rebound in consumption is expected due to cyclical factors.

The BASE Financial Group estimated that private consumption will grow between 1.8% and 2.2% , driven by the World Cup and a greater number of tourists arriving in Mexico for the sporting event.

Comment and follow us on LinkedIn:  @GrupoT21

El cargo “At rock bottom”, Mexican consumer confidence in May apareció primero en T21.

The journey is the same. The route doesn’t change, nor does the customer. But at the end of the journey, the result is no longer the same. 

In the trucking industry, each crossing into the United States can result in lower revenue in pesos, even if payment in dollars remains the same. Domestically, the impact manifests differently: rising costs, negotiated rates, and operations constantly being adjusted on the fly . 

The exchange rate has ceased to be a distant data point and has become an operational variable. So far in 2026, the peso has moved from levels close to 18 units per dollar to lows of around 17.2 , before rebounding, according to data from the Bank of Mexico (Banxico) . 

Rather than sustained strength, the behavior reveals an environment of volatility that is beginning to affect the operation of the sector.  

This shift directly impacts an industry that operates on tight margins and long-term contracts . The variation is not evenly distributed: it depends on the type of transaction, the currency of the revenue, and the cost structure.  

In cross-border transport , the effect is immediate. When revenues are dollarized, every appreciation of the peso reduces the value ultimately received in local currency. 

Comment and follow us on LinkedIn:  @Karina Quintero  /  @GrupoT21

El cargo Super Peso: Pressures and Opportunities in Motor Transport apareció primero en T21.

The uncertainty of 2025, driven by a slowing economy and US tariffs , could represent an opportunity for Mexico in 2026, with events such as the World Cup and the review of the United States-Mexico-Canada Agreement (USMCA) impacting the country’s economic performance.

The discussion “Opportunities for the Mexican Economy and Foreign Trade in 2026 ,” organized by Mundi , included Gabriela Gutiérrez Mora, national president of the Mexican Institute of Finance Executives (IMEF) ; Guillermo Bernal, director of Public Affairs at the American Chamber of Commerce of Mexico (AmCham Mexico) ; Diego López Tamayo, senior economist at BBVA Research ; and Sonny Tabares, VP of Risk and Credit at Mundi.

In the dialogue, the specialists agreed that the review of the USMCA, which will take place next July, will be a turning point for the Mexican economy .

In that sense, Guillermo Bernal considered that free trade will no longer be as it is currently conceived, but local content offers the opportunity to keep Mexico attractive with good industrial policy management .

He clarified that the trilateral trade agreement is under review, not being renegotiated, “and will continue to be key to providing certainty within a co-production system where, just as we are the main seller to the United States, we are also its main buyer.”

The event highlighted that among the possible scenarios being considered are the renewal of the USMCA for an additional 16 years or, if no consensus is reached, annual reviews for a decade ; in addition, discussions on stricter rules of origin are anticipated, particularly in the automotive and manufacturing sectors , as well as greater pressure to limit Chinese inputs in regional value chains.

It is worth remembering that Mexico registered a positive performance in its trade balance, going from a deficit of 18 billion 541 million dollars (USD) in 2024 to a surplus of 771 million USD in 2025, reaching historical highs in total exports with 664 billion 837 million USD, and in total imports with 664 billion 066 million USD.

Moderate economic growth

The IMEF’s economic outlook warns of a scenario of insufficient growth, persistent inflation and weak investment , with a moderate forecast of 1.3% for 2026.

This figure is similar to that presented by the Bank of Mexico (Banxico) in its survey on expectations (1.30%), as well as that predicted (1.2%) by the Organization for Economic Cooperation and Development (OECD) , but below that projected (1.5%) by the International Monetary Fund (IMF) .

The IMEF survey respondents estimate that inflation will close the year at 3.95%; the same figure as the Survey on Expectations of Private Sector Economic Specialists by Banxico, while BBVA Research anticipated a general and core inflation of 3.8 percent.

“ Economic growth requires coordinated efforts between the public and private sectors to launch strategic projects and strengthen our industrial potential. Although exports remain dynamic, we are already seeing some nuances due to the impact of tariffs , particularly on auto parts. Energy will be a central focus in the USMCA discussions and in industrial policy,” emphasized Diego López.

World Cup, an economic showcase

Experts agreed that the impact of the 2026 FIFA  World Cup will extend beyond the immediate economic benefits and temporary employment in the service sector. The event is anticipated as a strategic catalyst that will strengthen Mexico’s international profile , solidifying its position as a priority destination for new investments.

“The 2026 FIFA World Cup puts us on the radar for foreign investment; the challenge is to turn that visibility into resilient, long-term growth,” Sonny Tabares emphasized.

Investment and employment, with challenges

According to the Ministry of Economy (SE) , at the close of the third quarter of 2025 (3Q25), Mexico reached a historic record of 40,906 million USD of Foreign Direct Investment (FDI), however, the challenge is that this flow depends, to a large extent, on the reinvestment of profits and not on new capital.

The above highlights a critical opportunity cost: as long as legal uncertainty and the lack of energy infrastructure persist , the country will continue to attract capital by inertia instead of attracting fresh investments that are currently moving towards other competitive markets.

Regarding jobs, BBVA Research identified that formal employment grew 1.3% in 2025, but fell to only 0.3% when excluding workers from digital platforms.

According to the Mexican Social Security Institute (IMSS) , 2025 saw a record high of 23.9 million jobs; however, the creation of 278,697 jobs represented the second weakest performance in more than two decades.

The Mexican labor market remains far from solid dynamism, as the slowdown in investment and the lack of business confidence not only limit the figures, but also represent a direct social cost: the inability to generate high-quality jobs that will drive true prosperity for Mexican families in 2026.

In a 2026 where uncertainty persists, Mexico has competitive advantages that it must take advantage of to boost its economic growth, such as its strategic location and the skilled workforce it has.

Comment and follow us on LinkedIn:  @GrupoT21

El cargo World Cup and USMCA review, turning points for the Mexican economy in 2026 apareció primero en T21.

In December 2025, inflation in Mexico showed a slowdown that placed it within the Bank of Mexico’s (Banxico) target range  of 3% with a variability interval of +/- 1 percent.

According to data from the  National Institute of Statistics and Geography (Inegi) , in the last month of last year, the  National Consumer Price Index (INPC) registered an increase of 0.28% compared to the previous month. With this result, the overall annual inflation rate was 3.69% .

The December 2025 variation represented the lowest price increase for a December since 2020, the year in which the effects of the COVID-19 pandemic were felt.

According to the report, the core price index (which does not take into account the most volatile goods and services, such as food and energy) increased 0.41% month-on-month , with a rise in service prices of 0.48% and merchandise prices of 0.33%.

Meanwhile, the non-core price index—which includes goods and services whose prices are subject to fluctuations, such as weather conditions—fell 0.16% month-on-month . Within this index, agricultural product prices fell 0.66%, while energy and regulated tariff prices rose 0.24%.

Products whose prices are rising or falling

In the last month of 2025, the products with the greatest increases in their cost were green tomatoes with 27.01%, air transport with 19.89%, package tourist services with 5.23%, long-distance bus with 2.14%, and bottled soft drinks with 1 percent.

Conversely, the products with the greatest price decrease during the cycle were  papaya with 10.77%, zucchini with 8.38%, serrano chili with 6.90%, eggs with 4.11%, potatoes and other tubers with 2.69%, and chicken with 1.30 percent.

By state, Quintana Roo, Durango, and Baja California Sur registered the largest increases in the National Consumer Price Index (INPC) during the period. Meanwhile, Zacatecas, Tabasco, and Querétaro were the states with a variation below the national average.

During 2025, inflation in Mexico fluctuated, and since last June it showed a steady slowdown – with some peaks – after settling at 4.32%, following the 4.42% reached in May, which was the highest level of the year.

Last November, the INPC stood at 3.80% due to the rise in agricultural products and services such as electricity.

Comment and follow us on X:  @GrupoT21

El cargo Christmas present! Inflation in Mexico closes 2025 on a downward trend apareció primero en T21.

Last November, a downward trend in consumer confidence was recorded in Mexico, according to data from the National Institute of Statistics and Geography (Inegi)  and the  Bank of Mexico (Banxico)  published this Friday.

According to the  Consumer Confidence Indicator (CCI), a drop of 1.6 points  was reported   compared to October 2025, to stand at  44.2 points , which represented its third consecutive monthly decline.

The year-on-year decrease was more significant. Compared to November 2024, the decline was 3.5 units .

Within it, and with seasonally adjusted figures, monthly reductions were observed in the five components that make up the ICC , which reinforces the perception of economic uncertainty in the face of constant trade changes due to the escalation of tariffs.

Variations in the components of the ICC

Regarding the components of the Consumer Confidence Index (CCI), the largest monthly decrease was observed in the expected economic situation of the country in 12 months compared to the current situation , with a drop of 2.4 points. This was followed by the current economic situation of the country compared to that of 12 months ago , with a decrease of 2.3 points.

The expected economic situation of household members in 12 months compared to the current situation decreased by 1 point compared to October 2025.

The current economic situation of household members compared to that of 12 months ago registered a monthly decrease of 0.9 units, while the current possibilities of household members compared to those of a year ago to make furniture purchases fell by 0.8 units.

In its annual measurement, the components that showed the greatest decreases were the expected economic situation of the country within 12 months compared to the current one, with a decline of 8.2 points; as well as the economic situation of the country today compared to that of 12 months ago, with a decrease of 6.6 units.

November data from the ICC reflect a less confident outlook for the Mexican economy  and suggest greater caution in Mexican household spending.

According to Inegi, it is important to measure the Consumer Confidence Indicator, since it allows us to know the perception of consumers about their current economic situation and that of the country, as well as their expectations.

Comment and follow us on X:  @GrupoT21

El cargo Mexico’s economic situation hits consumer confidence in November apareció primero en T21.

The return to school influenced the rise in inflation in Mexico during the first half of September 2025, according to data from the National Institute of Statistics and Geography (INEGI) .

According to the National Consumer Price Index (INPC) , which measures the price variation of a basket of goods and services, this indicator stood at  3.74%  at an annual rate in the first half of the ninth month of the year, marking three consecutive fortnights with increases.

This increase represented a  0.18% increase  compared to the previous two-week period; while the  core price index , which excludes goods and services with more volatile prices or those that don’t respond to market conditions, increased  0.22%  on a two-weekly basis, with merchandise prices up 0.23% and services prices up 0.20%.

Also on a biweekly basis, the  non-core price index —which includes goods and services whose prices are more volatile and subject to significant fluctuations, such as weather conditions and other factors—increased  0.03 percent . Within this index, fruit and vegetable prices increased 0.24 percent, and energy prices decreased 0.04 percent.

Variations in product prices

The products that registered the greatest increases during the period were marked by the start of the 2025-2026 school year, which were: preschool with an increase of 5.89%, primary with 5.75%, secondary with 5.48%, high school with 2.71%, university with 1.63%, as well as some basic basket inputs such as chicken , with a rise in its price of 0.50 percent.

On the other hand, professional services (15.31%), avocados (5.94%), oranges (4.66%), potatoes and other tubers (4.29%), and air transportation (3.37%) were the products that saw the greatest price declines in September 2025.

Among the  states  with the largest increases in the National Consumer Price Index (NCPI) are Tabasco, Nuevo León, Mexico City, Zacatecas, and Guanajuato. Meanwhile, Chiapas, Aguascalientes, the State of Mexico, Quintana Roo, and Baja California Sur were among the states with variations below the national average.

With the figure for the first half of September showing an increase in the INPC, inflation remains above the Bank of Mexico’s (Banxico) target of 3%, with a variability range of +/- 1 percent.

According to an analysis by  Grupo Financiero Ve por Más (BX+) , the biweekly variation was driven by educational services, which is usual every year due to the start of the school year.

“To a lesser extent, the increase in non-food items was notable, which in part also reflected the return to school (clothing, children’s shoes, school supplies). On the other hand, the decrease in services other than housing and education was notable, particularly those associated with tourism (air travel, package tours, hotels), which reflected the end of summer vacation,” he noted.

The financial institution specified that the underlying index was under pressure at the margin due to the merchandise component, and grew above 4 percent for eight weeks. “Underlying inflation remains reluctant to decline despite the slow economic growth,” it emphasized.

“Year-on-year growth in the CPI could remain below 4% in a context of slow economic growth. However, the inflation outlook is still somewhat complex,” he noted.

Comment and follow us on X:  @GrupoT21

El cargo Educational services contribute to rising inflation in the first half of September apareció primero en T21.

In the first quarter of 2025, the national economy grew 0.6% compared to the same period in 2024, according to data from the National Institute of Statistics and Geography (INEGI) . This meager progress is combined with the Bank of Mexico’s (Banxico) forecast of a full-year Gross Domestic Product (GDP) growth of just 0.1%.

At Zinergia ( number 8 in the Top 100 of Autotransporte® ), the reading of the market under these conditions led them to outline various strategies and alternatives that could address this situation to reduce the impacts, as Luis Morales, executive director of the company, commented in an interview.

“This situation is leading us not only to greater commercial efforts, but also to take care of our current customers and seek out new areas and market opportunities,” Morales commented.

In his view, there is still room to find these new business opportunities, and in this case, this has been achieved through a diversification strategy that began some time ago, not only in terms of the industries served, but also in finding new business models, new routes, ” or, with the current ones, starting to develop new transportation alternatives , and this has allowed us to maintain growth this year.”

For Zinergia’s CEO, a differentiator in these times when the market requires a rapid response and adaptation , in his case having a leasing company within the group, is a versatility that helps them have infrastructure tailored to the needs of their customers.

“Now we have refrigerated trailers, double trailers for some applications such as moving containers or platforms, in addition to the various applications we have for dry vans,” Morales emphasized.

This Zinergia chassis configuration is what makes it a market leader, particularly at times when efficiencies are needed and savings are sought in logistics operations.

In addition to being able to offer diversified solutions in terms of infrastructure and application portfolio, technological development helps them achieve greater operational efficiency, which translates into positive impacts for customers.

“Today, customers are also looking for transportation companies that can support cost-cutting initiatives , which can be achieved through productive efficiency, where technology allows us to identify these areas of opportunity,” Luis Morales emphasized.

According to the executive, the current situation is an ideal time for clients to be receptive and respond to transportation providers’ proposals, finding areas of increased productivity through collaborative work, which will translate into improved operational results.

“There’s been talk of many inefficiencies in the supply chain, in the loading and unloading of goods. Today, companies are more receptive to finding those areas of efficiency, especially now that they have more data on the operation,” Morales emphasized.

These actions have allowed Zinergia to maintain an average installed capacity of 94-95%, a result of commercial, operational, and customer engagement efforts.

Comment and follow us on X:  @DidierRT /  @GrupoT21

El cargo Zinergia’s acceleration lanes in the face of an uncertain market apareció primero en T21.

Mexicans’ pockets continue to suffer from rising prices for goods, services, and consumer products, which has led to rising inflation, primarily due to the increased cost of some basic staples, such as beef and pork.

In the first half of June 2025, the  National Consumer Price Index (INPC) , which measures the variation in prices of a basket of goods and services, stood at  4.51%  at an annual rate, the  National Institute of Statistics and Geography (INEGI) reported this Tuesday .

The increase in prices during the first 15 days of June represented a 0.10% increase compared to the previous two weeks; while the  core price index , which excludes goods and services with more volatile prices or those that don’t respond to market conditions, increased  0.22% on a two-weekly basis, with merchandise prices up 0.19% and services up 0.25%.

Also on a biweekly basis, the non-core price index decreased 0.29 percent . Within this index, fruit and vegetable prices fell 1.72 percent and energy prices fell 0.23 percent.

Among the products that saw the largest price increases during the period were air transport , up 9.87 percent; carrots , up 8.20 percent; pork , up 1.15 percent; and beef , up 0.71 percent.

On the other hand, poblano peppers saw a 13.24% drop in price; guava prices fell 10.35%; lemon prices fell 5.67%; and tomato prices fell 2.97%.

Among the states with the largest increases in the National Consumer Price Index (NCPI) are Querétaro, with 0.42%; Chiapas, with 0.34%; Baja California, with 0.31%; and Oaxaca, with 0.25%.

Tlaxcala, Sinaloa, the State of Mexico, and Tabasco showed variations below the national average, with decreases of 0.31%, 0.24%, 0.17%, and 0.09%, respectively.

The perception of a significant economic outlook in Mexico due to the uncertainty generated by the U.S. tariff war has created a cautious consumer environment, which is exacerbated by the country’s inflationary context so far this year.

The INPC has recorded consecutive increases in 2025: in the first half of May it stood at 4.22%, while the fifth month of the year closed at 4.42% compared to its annual comparison.

The figure for the first half of June is above the Bank of Mexico’s (Banxico) 3% target , announced in its quarterly report.

Comment and follow us on X:  @GrupoT21

El cargo Unstoppable! Inflation continues to rise in the first half of June apareció primero en T21.

Mexicans’ pockets continue to suffer from skyrocketing inflation due to the rise in prices for some basic staples, such as tomatoes and chicken, making even preparing a Mexican dish difficult for some consumers.

According to the  National Institute of Statistics and Geography (INEGI) , the  National Consumer Price Index (INPC) , which measures the variation in prices of a basket of goods and services, stood at 4.42% in May 2025 compared to its annual comparison.

With this result in the fifth month of the year,  the INPC had an increase for the fourth consecutive month at an annual rate , which is the highest record since November 2024, when it reached 4.55 percent.

In the reference period, the National Consumer Price Index reported a monthly increase of  0.28% , while the  underlying price index , which excludes goods and services with more volatile prices or that do not respond to market conditions, increased  0.30%  on a monthly basis, with an increase in the price of merchandise of  0.35%  and of services  of 0.24 percent .

The  non-core price index , on a monthly basis, rose  0.23 percent . Domestically, prices for agricultural products rose  3.48 percent  , and those for energy and government-authorized tariffs fell  2.12 percent .

Papaya , with 20.13%; chicken , with 10.62%; tomato , with 10.03%; potato and other tubers , with 6.92%; and beef , with 1.78%, were the products that saw the greatest increases during the period.

Meanwhile, the products that showed a price decrease in May 2025 were electricity , with 18.45%; lemons , with 10.48%; air transportation , with 7.58%; other fruits , with 3.48%; and eggs , with 0.54%.

The National Institute of Statistics and Geography (INEGI) indicated that among the states with the largest increases in the National Institute of Statistics and Geography (INPC) were Tabasco, with 1.06 percent; Hidalgo, with 1.03 percent; and Oaxaca, with 1.01 percent.

In turn, Sonora, Sinaloa, Baja California Sur, and Baja California were among the states with variations below the national average, with decreases of 2.89%, 2.56%, 1.35%, and 1.14%, respectively.

The inflationary scenario in Mexico is part of the complex situation facing the national economy, also stemming from the uncertainty surrounding global tariffs.

The INPC has been on the rise. Last April, this indicator stood at 3.93% , and in the first half of May, it reached 4.22% .

On May 28, the Bank of Mexico (Banxico) , in its Quarterly Report, lowered its economic growth forecast for the country from  0.6% to 0.1%  for 2025.

Among its estimates, the central bank reiterated that its 3% inflation target   could be reached by the  third quarter of 2026 , reflecting the current complex economic environment, which is likely to extend into next year.

Comment and follow us on X:  @GrupoT21

El cargo Unstoppable inflation! Several basic products are experiencing price increases. apareció primero en T21.

Due to a slowdown in the Mexican economy, resulting from various factors, including the threat of tariffs being imposed by US President Donald Trump , the Bank of Mexico (Banxico) lowered its economic growth forecast for the country from 0.6% to 0.1% for 2025.

According to its Quarterly Report , for the period January-March of this year, the central bank also lowered its estimate for 2026, from 1.8% to 0.9 percent .

“In addition to the weakness it has been showing, there are significant challenges for the global economy from the change in trade policy in the United States. Since the previous report, the United States has imposed tariffs of varying magnitude on most of its imports, and the possibility of additional measures taking effect persists,” the organization noted in its analysis.

Banxico indicated that a limited effect is being incorporated, considering the resilience that Mexican exports have shown, according to the most recent reports.

According to the National Institute of Statistics and Geography (INEGI) , Mexican exports reached $54.296 billion in April 2025, a 5.8% increase compared to the same month in 2024.

“The complex international context has added significant uncertainty to the forecasts presented for national productive activity,” Banxico noted.

The report also highlighted that annual headline inflation fell from 4.51% to 3.72% between the fourth quarter of 2024 and the first quarter of 2025, although in the first half of May of this year the National Consumer Price Index (INPC) stood at 4.22% at an annual rate, which represented an increase derived mainly from an increase in the cost of some products in the basic basket.

The Bank of Mexico reiterated that its 3% inflation target   could be reached by the  third quarter of 2026 .

In terms of employment, between 110,000 and 290,000 formal jobs are expected to be created in Mexico this year. By 2026, the government estimates the creation of between 270,000 and 470,000 jobs.

It’s worth remembering that, given the uncertainty generated by the United States’ tariff policy, the  World Bank (WB) had already lowered its growth expectations for the Mexican economy from  1.5%  to  0%  for this year, due to “a complicated external environment.”

The International Monetary Fund (IMF) also estimated a 0.3%  contraction   in Mexico’s GDP, which could lead to a recession in the country by 2025.

Comment and follow us on X:@GrupoT21

El cargo Banxico shaves Mexico’s economic growth forecast apareció primero en T21.