FX.co ★ Mexico’s Private Spending Slips into Negative Territory in Q1 2026

Mexico’s private spending fell by 0.80% in the first quarter of 2026 on a quarter‑over‑quarter basis, reversing the modest growth seen at the end of last year. The downturn follows a 1.00% increase in the fourth quarter of 2025, according to the latest data updated on 18 June 2026.

The figures highlight a shift in domestic demand momentum at the start of 2026. While the previous quarter’s 1.00% rise reflected an expansion compared to the third quarter of 2025, the current reading shows households and businesses pulling back, with spending now contracting relative to the final quarter of last year.

The quarter‑over‑quarter comparison framework means the current −0.80% change measures how private spending in the first quarter of 2026 stacks up against the fourth quarter of 2025, whereas the earlier 1.00% figure captured the change from the third to the fourth quarter of 2025. Together, the indicators point to a softening in private sector activity as the new year began.