As a result of an increase in the purchase of products of foreign origin, private consumption registered an increase of 0.8% in June 2025 compared to last May, according to data from the  Monthly Private Consumption Indicator (IMCP) , carried out by the  National Institute of Statistics and Geography (INEGI) .

This increase reflected the  positive trend in household spending  on goods and services , despite changes in U.S. tariff policy. It also marked the third monthly increase in this indicator this year.

In the reference month, the IMCP remained at 111.5 points. Meanwhile, in its annual comparison, private consumption increased 1.1% in the sixth month of 2025.

According to seasonally adjusted monthly figures, consumption of domestic goods and services remained unchanged. Goods increased by 0.3%, while services decreased by 0.1%. Regarding imported goods , consumption increased by 4.9% in June of this year compared to the previous month.

In its annual measurement, spending on domestic goods and services grew 0.5 percent, while spending on imported goods increased 4.4 percent.

Estimates from institutions such as BBVA indicate that private spending stagnated in June due to a slower pace of the services sector.

The Monthly Private Consumption Indicator provides an overview of household spending on consumer goods and services, both domestic and imported, according to INEGI.

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By component, consumption of domestic goods and services decreased 0.5% in March compared to February of this year, with a consistent decrease in goods and services. In contrast, consumption of imported goods showed a slight increase of 0.4%.

Compared to the same period in 2024, spending on domestic goods and services fell 0.4%, with a 1.0% decline in goods and a 0.5% increase in services. Meanwhile, consumption of imported goods fell significantly by 6.1%.

In this regard, the imported goods that experienced the sharpest decline were durable goods, with a monthly contraction of 0.5% and an annual contraction of 8.6%.

During the first quarter of 2025 (1Q25), several economic indicators in Mexico showed declines or barely significant increases. Gross Domestic Product (GDP) grew by just 0.2%, while secondary activities, such as industry and manufacturing, registered a 1.3% annual decline.

Meanwhile, the Timely Indicator of Economic Activity (IOAE) estimated a 0.16% decline in March, marking the second consecutive month of contraction. In the manufacturing sector, production fell 0.34% year-on-year in March.

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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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