Mexico consumption slowdown hits Bimbo, Gruma and Arca Continental

Weak consumer demand in the United States and Mexico has depressed second‑quarter sales for three major Mexican food and beverage companies – Grupo Bimbo, Gruma and Arca Continental. The firms reported lower volumes in their core markets, and the expected boost from the World Cup was insufficient to reverse the trend.

Coparmex warned that a brake on investment is further limiting the creation of formal jobs. Employment in June fell by roughly 320,000 workers compared with May, with the formal sector shedding about 19,000 positions. The slowdown in consumption and investment together raise concerns for Mexico’s near‑term economic growth.