Mexico Macro Monitor: In February 2025, sales services stagnated compared to the previous month, though they continued to post a strong year-over-year growth.

MEXICO - In Brief 23 Apr 2025 by Mariano Ruiz-Funes
In February 2025, revenues (sales) of private non-financial service providers increased by 5.8% compared to the same month last year but remained unchanged from January (seasonally adjusted figures). This suggests that service sales continue to be an important driver of consumption and economic activity, though their momentum is gradually weakening. This trend is expected to become more pronounced as the year progresses.CHART 1Service Sales, 2024–2025 (2018 = 100) Among the 10 service sectors, seven showed positive annual growth rates in January-February 2025, particularly professional services, real estate, and business support services. The latter have recovered in recent months after experiencing significant declines following the implementation of the law restricting outsourcing. In contrast, sectors related to hotels, restaurants, and recreation continue to show negative growth rates, reflecting stagnation in the tourism industry.CHART 2Non-Financial Services Sales: Jan-Feb, 2025 (YoY % change, Original data)https://d34dkm9pj0t7...

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