El cargo Private consumption in Mexico is not picking up; it shows a decline in February apareció primero en T21.

In November 2025, private consumption in Mexico decreased by 0.5% on a monthly basis , breaking a streak of five consecutive months in positive territory and also marking the third drop in this indicator during the past year, according to the National Institute of Statistics and Geography (Inegi) .

In the penultimate month of 2025, the Monthly Indicator of Private Consumption (IMCP) stood at 112.9 points. Year-on-year, it registered an increase of 2.8 percent.

“ The IMCP measures household spending on consumer goods and services , both domestic and imported. This allows for monthly monitoring of the most significant component of Gross Domestic Product (GDP), on the demand side,” stated INEGI.

According to seasonally adjusted figures and monthly rates, consumption of  domestically produced goods and services increased by 0.1 percent. Within this category, both goods and services rose by 0.1 percent.

Regarding imported goods , consumption fell 2.9% in November 2025 compared to last October.

On an annual basis, spending on domestic goods and services grew 1.1%, and spending on imported goods increased 12.1%.

The International Chamber of Commerce Mexico (ICC Mexico) estimated that, although private consumption has remained relatively stable, this indicator continues to reflect the effects associated with uncertainty regarding US economic policy, the review of the United States-Mexico-Canada Agreement (USMCA) , and the international geopolitical environment, “so a vigorous recovery is not anticipated during the year.”

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El cargo Not even El Buen Fin can save private consumption; spending on goods and services falls in November apareció primero en T21.

In November 2025, private consumption in Mexico decreased by 0.5% on a monthly basis , breaking a streak of five consecutive months in positive territory and also marking the third drop in this indicator during the past year, according to the National Institute of Statistics and Geography (Inegi) .

In the penultimate month of 2025, the Monthly Indicator of Private Consumption (IMCP) stood at 112.9 points. Year-on-year, it registered an increase of 2.8 percent.

“ The IMCP measures household spending on consumer goods and services , both domestic and imported. This allows for monthly monitoring of the most significant component of Gross Domestic Product (GDP), on the demand side,” stated INEGI.

According to seasonally adjusted figures and monthly rates, consumption of  domestically produced goods and services increased by 0.1 percent. Within this category, both goods and services rose by 0.1 percent.

Regarding imported goods , consumption fell 2.9% in November 2025 compared to last October.

On an annual basis, spending on domestic goods and services grew 1.1%, and spending on imported goods increased 12.1%.

The International Chamber of Commerce Mexico (ICC Mexico) estimated that, although private consumption has remained relatively stable, this indicator continues to reflect the effects associated with uncertainty regarding US economic policy, the review of the United States-Mexico-Canada Agreement (USMCA) , and the international geopolitical environment, “so a vigorous recovery is not anticipated during the year.”

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El cargo Not even El Buen Fin can save private consumption; spending on goods and services falls in November apareció primero en T21.

The increase in the acquisition of foreign products resulted in a 0.8% rise in private consumption in Mexico during October 2025 compared to last September, according to data from the Monthly Indicator of Private Consumption (IMCP) , prepared by the  National Institute of Statistics and Geography (Inegi) .

This increase represented the  fourth best monthly advance of the IMCP in 2025, reflecting the positive evolution of household spending  on goods and services , despite the country’s economic uncertainty.

In the tenth month of last year, the indicator stood at  113.5 points . In its annual measurement, private consumption increased by 4.1% in the reference period.

According to seasonally adjusted figures and monthly rates,  consumption of  domestically produced goods and services  showed no change during the economic cycle . Goods fell by 0.2%, while services increased by 0.4%. As for imported goods, consumption rose by 6.6%  in October 2025 compared to the previous month.

On an annual basis, spending on domestic goods and services grew 1.2% and spending on imported goods increased 20.6%.

According to INEGI, “the Monthly Indicator of Private Consumption measures household spending on consumer goods and services , both domestic and imported. This allows for monthly monitoring of the most significant component of Gross Domestic Product (GDP) , on the demand side.”

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 an analysis by BBVA Research , a moderate start to 2026 is expected for private spending, although a gradual recovery in consumption could be observed during the year, as the real wage bill strengthens and the uncertainty derived from US trade policies decreases.

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El cargo Imported products boost private consumption in Mexico during October apareció primero en T21.

Mexicans continue to show caution when purchasing goods and services, which affected private consumption in September 2025, which remained unchanged compared to August after three months of increases, the National Institute of Statistics and Geography (Inegi) announced .

In the reference month, the Monthly Indicator of Private Consumption (IMCP) stood at  112.4 points . In its year-on-year comparison, private consumption increased by 2.1% in the ninth month of 2025.

According to seasonally adjusted figures and monthly rates,  the consumption of  goods and services of national  and imported origin did not register any variation .

In its year-on-year comparison, spending on domestic goods and services rose 0.5% , while spending on imported goods increased by 9.1% .

According to analysts, domestic consumption is not yet showing clear signs of recovery towards the second half of the year , particularly due to a continued deterioration in consumer confidence, who have even changed their habits by purchasing lower-cost or private-label products.

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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El cargo Consumption of goods and services stagnates in September apareció primero en T21.

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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El cargo Private consumption in Mexico increases during August apareció primero en T21.

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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El cargo Foreign products boost private consumption in Mexico in June apareció primero en T21.

Mexican consumers remain hesitant when purchasing goods and services, despite the fact that inflation has begun to decline and the Mexican economy shows signs of a slight recovery.

According to the National Institute of Statistics and Geography (INEGI) , the Monthly Indicator of Private Consumption (IMCP) registered a 1% decline  in May 2025 compared to last April, while in annual terms it fell by  0.9 percent .

This decrease, which is the largest so far this year, reflected a decline  in household spending on  domestic goods and services  .

According to seasonally adjusted monthly figures, consumption of domestic goods and services fell 1.3%; goods fell 2.4%, and services decreased 0.1%.

Meanwhile, imported goods increased 0.3% in May of this year compared to the previous month.

In its annual measurement, spending on domestic goods and services grew 0.3 percent, and on imported goods it decreased 5.3 percent.

Private consumption, one of the driving forces of the Mexican economy, showed a negative performance in May 2025, after having increased last April, registering a 1.1% monthly increase, while, in annual terms, it grew by 0.7% .

Inflation is one of the factors that affects consumption, since when it increases, the prices of products, services, and goods increase, resulting in a decrease in purchases.

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

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El cargo Mexicans “tighten their purse strings”; private consumption falls in May apareció primero en T21.

Private consumption, one of the driving forces of the Mexican economy, showed positive performance in April 2025, after having fallen 0.2% last March, despite the country’s economic slowdown.

According to the  National Institute of Statistics and Geography (INEGI) , the  Monthly Private Consumption Indicator (IMCP)  registered an increase of 1.1% compared to the previous month, while, in annual terms, it had an increase of 0.7 percent .

This increase reflected the  positive evolution of household spending  on goods and services of national origin .

According to seasonally adjusted monthly figures, consumption of domestic goods and services grew 1.5% ; goods reported a  2% increase  , and services grew  0.7% .

Regarding imported goods, consumption decreased by  1%  in April of this year compared to the previous month.

On an annual basis, spending on domestic goods and services grew 3.1 percent, while spending on imported goods decreased 8.3 percent.

The recovery in consumption in Mexico in the fourth month of the year comes amid a context of rising inflation, reaching 4.51 percent in the first half of June.

According to estimates by the financial institution Banamex , general inflation could close the year at 4%, which would complicate the acquisition of goods and services, affecting consumption for the remainder of the year.

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El cargo Private consumption in Mexico shows slight growth in April apareció primero en T21.

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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El cargo Mexican households “abstain” from consuming goods and services apareció primero en T21.