“Regarding VAT, its collection reached a real increase of 5.2% compared to January-June 2023, in line with the good performance of private consumption. On the other hand, ISR collection decreased by 0.5% in real terms, due to a temporary increase in compensations and refunds,” the Treasury reported in a statement.
According to the timely estimate of the National Institute of Statistics and Geography (INEGI), economic activity in Mexico grew at a quarterly rate of 0.2% in the second quarter of the year with seasonally adjusted figures, with increases in the industrial and services sectors.
“The dynamism of economic activity came, to a large extent, from the strength of domestic demand, which was driven by consumption and investment,” said the Ministry of Finance and Public Credit (SHCP).
Between January and April, investment registered an average annual growth of 11.9%, led by the private sector, which, by stringing together consecutive annual increases since March 2021, reached a maximum level since its record began in 1993, highlighted the institution headed by Rogelio Ramírez de la O.
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