Publications

The Private Consumption Big Data Index showed a moderation in February 2026, although it maintained a significant year-on-year expansion of 18.4%. This dynamism is supported by greater liquidity from pension withdrawals, consumer credit, and the strength of the labor market.

The BBVA Research Big Data Consumption Indicator reported a 1.8% MoM increase in October, boosted by a strong performance in the services segment (+5.9% MoM).

Formal employment in Mexico remained stagnant in September, posting a 0.05% monthly and 0.4% annual increase. Weak investment and sluggish consumption continue to constrain job creation, while manufacturing and construction sectors continue to contract.

Private consumption has become Colombia’s key growth engine. Driven by employment, income, credit, and remittances, it is shifting toward services and entertainment, while demographic changes reshape household spending patterns for the years ahead.

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).

Formal employment stagnated in June, closing Q2 with negative growth. This reflects weakness in key sectors, declining investment, and deteriorating expectations, all of which contribute to an adverse environment that could impede short-term labor market recovery.

The BBVA Research Big Data Consumption Indicator reported zero growth (0.0% MoM) in February; year-on-year (YoY) spending on point-of-sale terminals grew 11.1%, bringing the average for the first two months of the year to 13.0% (vs. 9.9% on average for 2024).