Household consumption spun five months downwards

During April of this year, it was confirmed that the Mexican economy is in a critical period, since the consumption of households, which is its largest component because it represents almost two thirds of the national gross domestic product (GDP), fell five months downward. According to data from the National Institute of Statistics and Geography (INEGI), the Timely Indicator of Private Consumption (IOCP) revealed a fall of 1.1% at annual rate d…