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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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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