Mexico’s economy grew 1.4% in Q2 but contracted in June, revised data shows
Analysts partially attributed the solid economic performance in the second quarter to spending related to the FIFA men's World Cup, though June on the whole produced a decline. The post Mexico’s economy grew 1.4% in Q2 but contracted in June, revised data shows appeared first on Mexico News Daily
In the second quarter of 2026, Mexico's economy experienced mixed growth and contraction, according to revised data released by the national statistics agency INEGI. While the economy expanded by 1.4% quarter-over-quarter and 1.9% annually, it contracted by 0.1% month-over-month in June, marking a slight improvement from the 0.3% contraction in the first quarter.
The World Cup spending contributed to the Q2 rebound, with the primary sector leading the growth at 2.4% quarter-over-quarter and 4.8% annually. The secondary sector expanded by 1.6% quarter-over-quarter and 0.9% annually, while the tertiary sector grew by 1.4% quarter-over-quarter and 2.3% annually. However, Mexico's annual headline inflation rate climbed to 3.26% in the first 15 days of August, up from 3.12% in July.
The Bank of Mexico forecasts a 1.1% economic growth for the year, while the International Monetary Fund predicts a 1.2% growth.
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