Mexican household spending barely grew 0.1% in May 2026 compared to last April , driven by the acquisition of national goods and services, according to the results of the Monthly Indicator of Private Consumption (IMCP) of the National Institute of Statistics and Geography (Inegi) .

In its annual measurement, the IMCP, which allows us to know the evolution of household spending on consumer goods and services of both national and imported origin,  registered an increase of 2.6 percent .

During the period, Mexicans prioritized domestically produced goods, which increased by 0.3%, while imported goods decreased by 1.2% on a monthly basis.

In its year-on-year comparison, spending on imported goods increased by 8.5% and spending on domestic goods increased by 1.2% in May 2026.

Despite the increase in private consumption, household spending in the country on a monthly basis fell compared to April of this year, when it showed an increase of 0.2 percent.

Although consumption, which represents more than 70% of the country’s Gross Domestic Product (GDP), showed positive performance in the fifth month of 2026, Mexicans continue to show caution when purchasing goods and services in the face of weak economic growth.

According to projections from Grupo Financiero BASE , private consumption, which in recent months has been sustained by the consumption of imported goods, which does not contribute to the country’s economic growth or boost the domestic market, will be affected by the fragile labor market and the loss of purchasing power of remittances.

Comment and follow us on LinkedIn:  @GrupoT21

El cargo Private consumption in Mexico shows moderate growth in May apareció primero en T21.