Overview

• Inegi reported gross fixed investment fell 1.4% month over month in June and 6.8% year over year, taking the January–June decline to 6.9%.
• Spending on machinery and equipment dropped 1.6% in June and 11.4% from a year earlier, while construction slipped 0.8% monthly and 3.3% annually.
• Public investment contracted 22.4% year over year in the first half as private investment fell 4.8%, according to Inegi.
• Private consumption rose 0.8% in June and 1.1% versus a year earlier, yet the first half posted a small decline, with a 4.9% monthly jump in imported-goods spending contrasting with flat domestic demand.
• Consumer confidence reached 46.7 points in August for a second monthly gain to its highest since December 2023, though it remains below a year earlier and complementary indicators point to caution on jobs and saving.