latamdaily20260730

Latam Daily: Strong Broad-Based Rebound in Mexican GDP • Mexico: GDP grows above expectations in Q2 2026

GLOBAL ECONOMICS According to INEGI, Mexico’s preliminary GDP estimate for the second quarter of 2026 showed a significant acceleration in economic activity, posting seasonally adjusted real quarterly growth of 1.5%, the strongest increase since the third quarter of 2024, while in LATAM DAILY annual terms, using non-seasonally adjusted figures, GDP rose 2.2% (chart 1).

July 30, 2026 Growth was broad-based across sectors: primary activities increased 3.3% quarterly and 7.6% annually, secondary activities grew 1.6% quarterly and 0.9% annually, and tertiary activities advanced 1.5% quarterly and 2.6% annually. As a result, during the first half of Contributors 2026, the economy accumulated growth of 1.2% compared with the same period in 2025, Juan Manuel Herrera, Director suggesting a moderate recovery after the weakness observed throughout 2025, driven (Mexico) mainly by services and the rebound in agricultural activities.

Jorge Selaive, Head Economist, Chile —Rodolfo Mitchell, Miguel Saldaña & Martha Cordova (Chile)

Eduardo Suárez, VP, Latin America Economics (Mexico)

TODAY’S CONTRIBUTORS: Rodolfo Mitchell, Director of Economic and Sectoral Analysis (Mexico)

Miguel Saldaña, Economist (Mexico)

Martha Cordova, Economic Research Specialist (Mexico)

Chart 1 Mexico: Quarterly GDP 8 % y/y 6

-4 Total GDP Agriculture -6 Industry Services Mar-22 Feb-23 Jan-24 Dec-24 Nov-25 Sources: Scotiabank Economics, INEGI.

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