Private consumption rose 4.4% in April

During April of this year, private consumption in Mexico ] increased by 4.4 percent over the same period last year, reported the National Institute of Statistics and Geography ( Inegi ).

Inside, consumption increased by 3.4% in the reference month and the expenditure of imported goods increased by 14.1% year-on-year .

With this result, accumulated from January to April private consumption in the country increased by 2.7 percent at an annual rate, resulting from an increase in national consumption of 2 , 4 percent and 6.2 percent in the acquisition of imported products.

The agency detailed that consumption of domestic goods rose 4.7 percent in April compared with the same month last year, while in the first four month of the year increased by 2.3 percent; Meanwhile, consumption of services rose by 2.3% on a monthly basis and by 2.4% between January and April.

On the basis of seasonally adjusted figures, the monthly indicator of private consumption in the domestic market (IMCPMI) decreased by 0.8% in April 2018 from the level of the previous month , he added.

By Component, Detailed, the Consumption of Origin Goods Imported decreased by 2.1% and that of Goods and Services of National Origin ] made it 0.8% in the fourth month of this year compared to March, according to data adjusted for seasonality.

In its annual comparison, IMCPMI showed an increase of 1.6% during the reference month and internally, expenditures on imported goods increased by 3, 4% and Domestic Goods and Services 1.2%.

Specifically, he added, spending on services rose to 2.3% and property was up 0.5% from April 2017, he said. added.

CPR