Mexico Posts 1.4% Q2 Growth as June Economy Contracts 0.1%
Updated
Updated · Mexico News Daily · Aug 24
Mexico Posts 1.4% Q2 Growth as June Economy Contracts 0.1%
3 articles · Updated · Mexico News Daily · Aug 24
Summary
Revised INEGI data showed Mexico’s economy expanded 1.4% quarter on quarter and 1.9% annually in April-June, a sharp rebound from a 0.3% sequential contraction in Q1 despite slight downgrades from preliminary estimates.
World Cup-related spending was cited as one driver of the strong quarter, which marked Mexico’s best second-quarter sequential result since 2021 and lifted first-half 2026 growth to 1.2% year on year.
June data pointed to softer momentum: GDP slipped 0.1% from May for a second straight monthly decline, though construction rose 3.0% on the month and 4.2% annually.
Sector breakdown for Q2 showed primary activities leading with 2.4% sequential and 4.8% annual growth, while industry grew 1.6% and services 1.4% from the prior quarter.
Inflation also edged up, with headline CPI at 3.26% in the first half of August from 3.12% in July, as analysts warned weak domestic consumption could still push the economy into a third-quarter contraction.