Low demand for goods and services led to a decline in Mexico’s commercial sector during April 2025, according to the Monthly Survey of Commercial Companies (EMEC) , which revealed a monthly decline in wholesale and retail trade.
According to the report, prepared by the National Institute of Statistics and Geography (INEGI) , revenue from the supply of goods and services in wholesale trade fell 0.9% monthly. Employment in this sector increased by 0.5%, while average real wages fell 1.3% in the fourth month of the year.
Retail trade revenue fell 1%, while total employed personnel decreased 0.3%. Average real wages increased 1.3% monthly.
On an annual basis, wholesalers saw a 1.5% decline in total revenue, a 3.5% increase in workforce, and a 3% increase in average real wages.
Meanwhile, retail businesses reported a 0.4% increase in revenue from the supply of goods and services; the number of employees increased by 0.5%, and average real wages grew by 7.2% year-on-year in April 2025.
Meanwhile, the wholesale activity sectors and subsectors showed a decrease in supply revenue compared to April 2024.
Textiles and footwear showed the greatest decline, at 12.3%; this was followed by machinery, equipment, and furniture for agricultural, industrial, service, and commercial activities, and other general-use machinery and equipment , with a decrease of 11.7%, as well as trucks and new parts and spare parts for automobiles, vans, and trucks , with a drop of 10.2%.
In turn, the sectors and subsectors with the highest revenue in retail trade were household goods, computers, and interior items , with 6%; textiles, jewelry, clothing accessories, and footwear , with 4.9%, exclusively through the internet; and printed catalogs, television, and similar products , with 25.2%.
These figures come at a time when the National Consumer Price Index (NCPI) stood at 4.42% in May 2025 compared to its annual comparison, due to an increase in the cost of some basic food products, such as tomatoes and chicken.
With this result in the fifth month of the year, the INPC had an increase for the fourth consecutive month , which was the highest record since November 2024, when it reached 4.55 percent.
In this context, and in the face of an economic slowdown, the Bank of Mexico (Banxico) , in its Quarterly Report, lowered its growth forecast for the country from 0.6% to 0.1% for 2025.
Among its estimates, the central bank reiterated that its 3% inflation target could be reached by the third quarter of 2026 , reflecting the current complex economic environment, which is likely to extend into next year.
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