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Despite an upturn, household consumption recorded its worst start of the year since 2021

Summary by El CEO
Although last January private consumption rebounded, which is the most important component of the Mexican economy by representing more than two thirds of the national gross domestic product (GDP), it proved insufficient to avoid the worst start of the year since 2021. According to data from the National Institute of Statistics and Geography (INEGI), the Timely Indicator of Private Consumption (IOCP) recorded an increase of 1.9% at annual rate in…
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