FX.co ★ Mexico’s Retail Momentum Stalls in December as Sales Slip Into Negative Territory

Mexico’s retail sector lost steam at the end of 2025, with month‑over‑month sales turning slightly negative in December. According to data updated on 20 February 2026, retail sales fell by 0.1% in December 2025 compared with the previous month, marking a reversal from November’s 1.0% increase.

The December reading highlights a clear cooldown in consumer activity after a relatively strong November, when retail sales had grown 1.0% from October 2025. The latest figure suggests that short‑term momentum in household spending weakened as the year closed, with the shift from positive to negative territory signaling increased caution among consumers or a normalization following earlier gains.

On a month‑over‑month basis, the contrast between November and December underscores the volatility in Mexico’s retail landscape heading into 2026. While the November data pointed to robust consumption, the marginal decline in December raises questions over the durability of that strength and sets a more subdued tone for the start of the new year.