FX.co ★ Mexico’s Private Spending Slows to 0.40% in Fourth Quarter of 2024

In a surprising shift, Mexico's private spending indicator saw a significant deceleration, recording a modest increase of just 0.40% in the fourth quarter of 2024. This drop comes after a more robust growth of 2.90% in the previous quarter, as reported by analysts on March 20, 2025.

This downturn marks a notable year-over-year slowdown, given that the previous period also considered year-on-year metrics. The drastic fall from the third to the fourth quarter raises questions about potential causes and implications for the broader economy in Mexico, which could include decreased consumer confidence or tightened economic conditions.

The new figure indicates that the Mexican economy has entered a period of restrained private spending growth, which could influence future economic policy decisions and fiscal strategies. Stakeholders will be keenly watching how these numbers influence upcoming projections and economic performance in the coming quarters of 2025.