La Jornada: Domestic consumption strengthens: IP

Despite the increase in household spending due to summer vacations and the proximity of returning to school, domestic consumption in Mexico shows clear signs of strength and is expected to maintain sustained dynamism, said the Confederation of National Chambers of Commerce, Services and Tourism (Concanaco-Servytur).

In a conference, Octavio de la Torre de Stéffano, leader of the private sector organization, explained that consumption continues to strengthen, mainly in local commerce and small businesses that operate in the communities.

He stressed that much of this dynamism comes from the informal economy, although the cash flow directly benefits the domestic market. “Yes, there is money circulating in the communities and it is a consumption that is sustained,” he noted.

He stated that the Inegi’s Monthly Private Consumption Indicator went from 108.6 points in January 2025 to 114.3 points in June 2026, which represents an approximate growth of 5.2 percent in the last 18 months.

He specified that this trend confirms that “despite a complex international environment, uncertainty and the complicated start of the year, Mexican families continue to consume.”

The Concanaco leader indicated that consumption represents about 72 percent of the gross domestic product and is the true engine of the national economy. “Without consumption there is no economic activity. Without consumption there are no sales, there is no cash flow, there is no investment, there is no employment, there is no growth,” he emphasized.

He mentioned that among the factors that support consumption is the slight recovery in consumer confidence, which reached 43.8 points in June; the constant flow of remittances, which in May totaled 5,611 million dollars, and the dynamism of retail trade, which continues to show annual growth.

De la Torre highlighted that summer vacations represent an estimated spill of 883 billion pesos, 6.5 percent higher than last year.

However, he warned that the challenge is to ensure that this expense remains in the local economy.

“We need a greater part of consumption to strengthen Mexican commerce and services. When spending stays in the communities, it becomes employment, taxes and well-being for millions of Mexican families,” said the business leader.