Mexico | Consumption grew 1.1% in November with positive performance of goods and services

Summary

The BBVA Research Big Data Consumption Index reported in November a positive monthly change, regaining momentum after the slow dynamism registered in 3Q21.

Key points

• Key points:
• Data by components show a positive evolution of the segment of goods (1.0% MoM, sa) and services (1.5% MoM, sa).
• Within the services component, spending on hotels and restaurants grew 4.1%, respectively.
• Within the goods component, spending on food grew 2.5%, while spending on products related to health care contracted (-) 0.2%.
• In terms of mobility, gasoline consumption grew 1.3% MaM (sa), reaching 7% above its pre-pandemic level.

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