Publications

The BBVA Research Big Data Consumption Indicator reported a 2.5% MoM increase in August, temporarily driven by the back-to-school season (goods consumption grew 4.4%, and spending on services rose 1.6%).

The 2026 General Economic Policy Criteria confirm the intention of the federal government to regain fiscal discipline by setting a target of 0.5% of GDP for the primary surplus and look to achieve stability around 52.3% of GDP for public debt, sending a positive signal.

In July, remittances reached Mexico for 5,330 million, a 4.7% drop compared to the same month in 2024. From January to July 2025, remittances totaled $34.889 billion, a lower amount than what was received in 2024, and even lower than in 2023.

This is the first update produced by the National Institute of Statistics and Geography on the measurement of labor poverty, following the 2024 and 2025 reforms that led to the dissolution of Coneval, the former body in charge of this task.

In June, real growth in outstanding loans to non-financial private sector slowed to 5.4% annually, its lowest level since April 2024, as the surge in demand ahead of US tariffs faded. Deposits registered a slower overall growth (3.6% in real annual terms), influenced by the weakness of the economy's revenue sources.

After the dissolution of Coneval, Inegi has assumed responsibility for measuring poverty and for the comprehensive evaluation of Mexico’s social development policy. This note analyzes the results of Inegi’s first 2024 multidimensional poverty report.

Formal employment reached a record high in July 2025 due to the incorporation of digital platform workers. Excluding this effect, there was a net destruction of jobs, in a context of declining investment and weak consumption.

The BBVA Research Big Data Consumption Indicator reported a (-)1.3% MoM drop in July, due to the slowdown in the goods segment (-2.3% MoM) and the stagnation of the services component (0.1% MoM).