Scotiabank
February 5, 2026
Soft Mexican Investment and Consumption
Daily UpdateMacro Economic IndicatorsIndustrialsReal Estate
Mexico's economic indicators for November 2025 show a deepening contraction in fixed investment (-6.4%) and a sharp slowdown in private consumption (1.4%). While residential construction showed signs of life, the broader machinery and equipment category remains in a severe slump.
Key Takeaways
- 1.Mexican fixed investment deepened its annual decline to -6.4% in November, marking 15 consecutive months of negative performance.
- 2.Private consumption growth moderated significantly, falling from 4.2% to 1.4% YoY in November, driven by weakness in durable and semi-durable goods.
- 3.While construction returned to positive territory (1.3%), machinery and equipment investment continues to drag down overall figures with a -14.5% decline.
Table of Contents
- Latam Daily: Soft Mexican Investment and Consumption
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Authors
Rodolfo MitchellMiguel SaldañaMartha Cordova
Themes
Investment UncertaintyWeakening Domestic Demand
Regions
Latin AmericaMexico
