Updated
Updated · TradingView · Jul 30Mexico GDP Rebounds 1.5% in Q2, Strongest Growth Since Q1 2022
3 articles · Updated · TradingView · Jul 30Summary
- Mexico’s economy grew 1.5% quarter on quarter in Q2 2026, reversing a 0.6% contraction in Q1 and beating market expectations for a 1.2% rise.
- Primary activities led the rebound with 3.3% growth, while secondary industries expanded 4.6% and services increased 1.5%.
- Annual GDP growth reached 1.2%, the strongest year-on-year expansion since Q4 2023, with primary activities providing the main support.
- The pickup matched the Bank of Mexico’s outlook after it held interest rates steady, as inflation eased during the quarter.
Insights
If inflation is easing and growth is back, why do forecasters still expect Mexico’s 2026 economy to grow only around 1%? Is Mexico’s strongest expansion since early 2022 the start of a nearshoring boom, or just a fragile bounce before deeper constraints return?