Mexico | Consumption grows 1.4% in December with a boost from the services sector
Published on Wednesday, January 5, 2022
Big Data techniques used
Mexico | Consumption grows 1.4% in December with a boost from the services sector
The year-end data confirms the slowdown in consumption in 2H21, a period that registered a 4.9% variation, compared to the previous semester, a figure that contrasts with the 10.6% figure observed in 1H21.
Key points
- Key points:
- Data by components show a positive evolution of the services segment (1.7% MoM, sa), while the goods sector fell (-)0.2% MoM (sa).
- Within the services component, spending in hotels grew 2.8%, while consumption in restaurants increased 3.1%.
- In terms of mobility, gasoline consumption grew 5.9% MoM (sa), reaching a level 8% above its pre-pandemic figure.
- We anticipate less dynamism in the consumption of both goods and services ahead, given the general increase in prices.
Documents to download
Geographies
- Geography Tags
- Mexico
Topics
- Topic Tags
- Consumption
- Macroeconomic Analysis