Inegi adjusts Mexico’s GDP growth to 0.6%

Gross domestic product (GDP) grew 0.6% quarterly in the second quarter of 2025, slightly lower than the 0.7% estimated last July, the National Institute of Statistics and Geography (Inegi) said.

The adjustment in the data was mainly due to a greater decline in the agricultural sector, which adjusted to -2.4% from a previous figure of 1.3%, while progress in industry (0.8%) and services (0.7%) was confirmed, Inegi detailed in its report, based on seasonally adjusted figures, without seasonal factors.

Inegi maintained year-on-year growth at 1.2% for the April-June period, the same figure it had reported last month based on original figures.

Year-on-year growth in the quarter was the result of progress in primary activities (2.6%) and tertiary activities (1.8%), although secondary activities contracted by 0.3%.

INEGI maintained year-on-year growth at 1.2% for the period from April to June, the same figure it had reported last month based on original figures.

Year-on-year growth in the quarter was the result of progress in primary activities (2.6%) and tertiary activities (1.8%), although secondary activities contracted by 0.3%.

With these data, Mexico's GDP has accumulated growth of 0.9% so far this year.

In the first half of 2025, there were year-on-year increases in industry (1.5%) and agriculture (4.6%), but services fell by 0.8%.

With these statistics, Mexico's economy has seen two consecutive quarters of annual growth.

In the first half of 2024, year-on-year increases were recorded in the agricultural sector (4.5%) and services (1.7%), but industry fell by 0.2%.

Inegi noted that data on the second quarter is an estimate and that the final figures will be published next month.

According to several analysts, Mexico has avoided a technical recession by not being as affected by US tariffs, although the economy remains weak.