Octavio de la Torre, president of the Confederation of National Chambers of Commerce, Services and Tourism (Concanaco Servytur), projected an increase in sales of up to 3 percent for the following year, despite the ups and downs and uncertainty generated in Mexico and USA.
“There will be growth by 2025 of between 2 percent and 3 percent, to reach a GDP of 36 trillion 166 billion current pesos,” the businessman said at a press conference.
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He added that sales in the commerce sector are in line with the economic growth expected for 2025, which is estimated between 2 and 3 percent.
The hotel, restaurant, tourism, retail and services industries contribute more than 70 percent of the value-added tax and income tax generated annually, explained the small business leader.
According to the president of Concanaco Servytur, in 2024 it is estimated that the GDP will close with an estimated growth of 1.97 percent compared to 2023. The GDP is equivalent to 33 trillion 927 billion current pesos.
The tertiary sector of the economy will end 2024 with a growth of 2 percent, to reach the figure of 20 trillion 254 billion pesos, he commented.
During the Christmas holidays from December 12 to January 6, there will be an economic impact of 605 billion pesos, an increase of 10 percent compared to 2023, he recalled.
“These dates are crucial for economic reactivation, benefiting local merchants and businesses by triggering commercial activity and job creation throughout the country,” said Octavio de la Torre.
“The average expense per person will be 4,950 pesos, promoting the well-being of the communities,” he added.
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The festivities in honor of the Virgin of Guadalupe will generate an economic benefit of 20 billion pesos, an increase of 22.5 percent compared to the previous year.
The Basilica of Guadalupe in Mexico City expects to receive 12 million pilgrims between December 6 and 15, consolidating itself as one of the traditions with the greatest economic and cultural impact in the country, he added.
