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Economy/GDPArticle

Mexico’s Q2 GDP grows 1.4% QoQ as services, construction rebound

Second-quarter expansion driven by services and construction, offsetting a revised Q1 contraction of 0.3%. Annual growth slows to 2.1% as trade tensions weigh.

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Elena Kovač · Central Banks Desk · 24 Aug 2026 · 15:36 · 1 min read
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Mexico’s Q2 GDP grows 1.4% QoQ as services, construction rebound

Mexico’s economy expanded by 1.4% in the second quarter compared with the previous three months, according to final data from the national statistics institute, slightly below the preliminary estimate of 1.5%.

The rebound followed a revised contraction of 0.3% in the first quarter, as the services and construction sectors led the recovery. Exports also contributed to growth despite ongoing trade tensions with the United States.

On an annual basis, GDP rose 2.1%, undershooting the forecasted 2.2% increase. Nominal GDP reached 37.53 trillion current pesos in the second quarter, up 6.3% from the same period in 2025. The gain reflected a 2.1% rise in real GDP and a 4.2% increase in the Implied Price Index.

The agriculture, forestry, fishing and hunting sector contributed 1.41 trillion current pesos, accounting for 4.0% of nominal GDP at basic prices during the quarter. The Bank of Mexico held its benchmark interest rate steady at 6.5% in its most recent policy decision.

This article was produced with AI assistance and edited by a Finance Review Daily journalist.
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Written by
Elena Kovač
Central Banks Desk

Elena covers macroeconomic data and policy across the eurozone, translating industrial output, inflation and growth figures into what they mean for markets.

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