Mexico’s commercial sector showed positive results last July, both for wholesale and retail businesses, which saw monthly revenue growth, according to the Monthly Survey of Commercial Enterprises (EMEC) .
According to the survey, conducted by the National Institute of Statistics and Geography (INEGI) , revenue from the supply of goods and services in wholesale trade increased by 3% monthly. The number of employees in this sector fell by 0.2%, while average real wages decreased by 0.2% in July 2025.
Retail trade recorded a 0.1% increase in revenue. Meanwhile, employed personnel and average real wages fell 0.3% monthly.
In their annual measurement, wholesale retailers saw a 6.5% slowdown in total revenue, a 0.7% increase in employed personnel, and a 0.1% decline in wages.
Meanwhile, retail businesses reported a 2.2% increase in revenue from the supply of goods and services; the number of employees decreased by 0.2%, and average real wages grew by 6.8% annually in the seventh month of the year.
The wholesale activity sectors and subsectors showed a decrease in supply revenue compared to July 2024.
Trucks and new parts and accessories for cars, vans, and trucks registered the largest decline, at 11.5 percent. Meanwhile, groceries, food, beverages, ice, and tobacco remained unchanged during the period.
In turn, the sectors and subsectors with the highest revenue in retail trade were exclusively through the internet, printed catalogs, television, and similar services, with a 20.7% increase; household goods, computers, and interior items, with 5.7%; and motor vehicles, spare parts, fuels, and lubricants, with 3.4%.
These figures come amid a slowdown in inflation, with the National Consumer Price Index (NCPI) reaching an annual rate of 3.51% in July 2025.
According to an analysis by Grupo Financiero Ve por Más (BX+) , although inflation has continued to decline, with a slight increase in August to 3.57%, there are still upside risks and significant uncertainty surrounding the outlook, particularly due to external factors such as the tariffs imposed by the United States.
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