Private consumption showed moderate growth in December and January, forecasts Inegi

According to forecasts from Inegi, Mexico experienced moderate growth in private consumption during December and January, indicating sustained consumer spending despite some economic challenges. Concurrently, manufacturing output in Mexico declined in December, suggesting sector-specific weaknesses. However, wages in the country rose during the same period, which may support continued consumer expenditure. These mixed economic signals highlight a complex environment where wage increases could bolster consumption even as industrial production faces headwinds.