Mexican Economic Growth Beats Forecasts in August

Mexico’s economic activity rose 3.3% year over year in August 2026, easing slightly from 3.4% growth in July but exceeding forecasts of 3.1%. Tertiary activities led the expansion, growing 3.6%, supported by wholesale trade (12.1%), other services excluding government activities (7.3%) and information services in mass media (5.0%). Secondary activities increased 3.5%, driven by construction (7.5%) and manufacturing (3.2%). In contrast, primary activities contracted 2.6%, as agricultural activity fell 6.1%. Year to date, economic activity grew 1.7%.

Mexico’s economic activity rose 3.4% year over year in July 2026, beating forecasts of 2.5% and accelerating from a 2.8% increase in June. The tertiary sector led growth, expanding 4.0%, driven by wholesale trade (13%), cultural, sports, entertainment, and recreational services (8.0%), and government activities (4.6%). The primary sector grew 3.4%, supported by a 2.7% increase in livestock production. The secondary sector expanded 2.7%, as mining and manufacturing output both increased 1.6%, while construction activity grew 7.3%. On a monthly basis, economic activity grew 0.8% after falling 0.1% in the previous month.

Mexico’s economic activity rose 2.8% year-over-year in June 2026, beating forecasts of 1.1% and accelerating from a 1.1% increase in May. The tertiary sector led growth, expanding 3.6%, driven by wholesale trade (14.3%), government activities (6.5%) and mass media information (3.8%). The primary sector grew 2.8%, supported by a 5.3% increase in livestock production. The secondary sector expanded 1.7%, as mining output increased 6.6% and construction activity grew 5.0%. On a monthly basis, economic activity declined 0.1% after falling 0.3% in the previous month.