Finvaulta
Scotiabank logo
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

Document Preview

Page 1 of 2
Page 1 of Soft Mexican Investment and Consumption
Subscribe for full access

Access the Full Report

Get unlimited access to institutional research reports with a 14-day free trial.

Authors

Rodolfo MitchellMiguel SaldañaMartha Cordova

Themes

Investment UncertaintyWeakening Domestic Demand

Regions

Latin AmericaMexico