Mexico's gross domestic product climbed 2.1% compared with a year earlier in the April-to-June period, the fastest annual pace the country has logged since the tail end of 2023, according to finalized figures the National Institute of Statistics and Geography (INEGI) published Monday, August 24. Measured against the first quarter, output expanded 1.4%, the sharpest three-month jump since 2020 — though that number came in just under the 1.5% flash estimate INEGI had floated a month earlier, and Mexico's finance and immigrant-serving communities are now parsing what the mixed signals mean for household budgets on both sides of the border.
Second looks at Mexico's economic data rarely move by much, but this one mattered. INEGI's finalized read trimmed the preliminary quarterly growth figure from 1.5% to 1.4% and, in the same release, pushed the first quarter's contraction down to just 0.3%, softer than the 0.6% drop originally logged, according to Mexico Business News's breakdown of the report. That combination — a slightly smaller rebound built on top of a slightly smaller hole — still adds up to the healthiest back-to-back quarters Mexico has posted in roughly two years, and it beat the consensus forecast of economists polled ahead of the release, who had penciled in growth closer to 2.2%.
