In June, the The monthly indicator of private consumption registered a growth of 0.1 percent, which represented the first rise after two months in negative territory, according to the National Institute of Statistics and Geography (INEGI).
The progress of this indicator was driven by the acquisition of domestic goods and services, registering a monthly increase of 0.3 percent, while the purchase of foreign products fell 1.2 percent compared to the previous month.
Since the beginning of the year, financial specialists considered that the Private consumption could be boosted by remittances and increases in the minimum wage.
This is despite the high levels of inflation and interest rates that prevailed in the country, which today stand at 5.16 and 10.75 percent, respectively.
In its annual comparison, the monthly indicator of Private consumption grew by 2.5 percentthe weakest rise since January, driven by the purchase of foreign goods, according to Inegi.
Gross fixed investment falls 1% in June
On the other hand, despite the good performance of consumption in Mexico, the Inegi reported that during June gross fixed investment fell one percent monthly, mainly due to a 3.2 percent drop in construction.
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Similarly, there was a 0.5 percent decrease in the acquisition of imported machinery and equipment, while domestic products rose 4.7 percent.
Compared to June 2023, Gross fixed investment in Mexico grew only 0.7 percent, according to Inegi.