The recession is coming in Mexico; consumption of Mexicans continues to fall, according to Inegi

Mexican consumers continue to be cautious about the acquisition of goods and services, as the Timely Indicator of Private Consumption (IOCP) anticipated a 2.2 per cent decrease at an annual rate by February 2025, as well as 2.5 per cent per year by March. According to figures from the National Institute of Statistics and Geography (Inegi), at a monthly rate, this indicator foresees an increase of 0.2 per cent in February, while by March it is es…

This Timely Indicator of Private Consumption shows how much Mexican families are spending in their daily lives, and includes from what is purchased at the supermarket, to services such as internet payment.