financetom
Economy
financetom
/
Economy
/
Mexico economy seen growing in the second quarter
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Mexico economy seen growing in the second quarter
Jul 29, 2025 10:40 AM

MEXICO CITY (Reuters) -Mexico's economy likely slightly picked up steam in the second quarter, buoyed by growth in the manufacturing and service sectors that offset weakness in agricultural activity, a Reuters poll showed on Tuesday.

Gross domestic product likely expanded 0.4% in the second quarter from the previous quarter in seasonally adjusted terms, according to the median forecast of 13 analysts.

The forecast compares with 0.2% growth in the January-March period, when Latin America's second-largest economy narrowly avoided a feared technical recession.

"The improvement of industrial activity, particularly in construction, and the resilience of services likely offset weak agricultural output and underpinned second-quarter growth," said Pantheon Macroeconomics.

In unadjusted terms, however, the economy was seen having expanded by 0.2% compared with the same period a year earlier, the slowest pace of growth since early 2021.

Looking ahead, the outlook points to a challenging second half of the year, mainly due to persistent uncertainty surrounding the trade policies of the United States, Mexico's top trading partner.

Mexico's national statistics agency, INEGI, is scheduled to release the preliminary second-quarter GDP data on Wednesday.

The International Monetary Fund on Tuesday updated its outlook for Mexico, forecasting the economy will grow 0.2% this year. Although that is an improvement over the 0.3% contraction expected in the IMF's April report, it would still mark the economy's worst performance since the pandemic.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US weekly jobless claims increase marginally as labor market remains stable
US weekly jobless claims increase marginally as labor market remains stable
Apr 23, 2026
WASHINGTON, April 23 (Reuters) - The number of Americans filing claims for unemployment benefits increased slightly last week, pointing to continued labor market stability in April, though economic uncertainty and higher prices stemming from the war with Iran pose downside risks. Initial claims for state unemployment benefits rose 6,000 to a seasonally adjusted 214,000 for the week ended April 18,...
US Dollar Rises Early Thursday Ahead of Jobless Claims, Chicago National Activity Index, S&P Global Flash Estimates
US Dollar Rises Early Thursday Ahead of Jobless Claims, Chicago National Activity Index, S&P Global Flash Estimates
Apr 23, 2026
07:46 AM EDT, 04/23/2026 (MT Newswires) -- The US dollar rose against its major trading partners early Thursday before the release of weekly jobless claims data and the Chicago Federal Reserve's National Activity Index for March, both at 8:30 am ET. S&P Global flash estimates of manufacturing and services conditions for April are due at 9:45 am ET, followed by...
New Bern's Trail to Tryon Holiday Half Marathon Delivers Record-Breaking Run and a $100k Economic Boost
New Bern's Trail to Tryon Holiday Half Marathon Delivers Record-Breaking Run and a $100k Economic Boost
Apr 23, 2026
With 527 runners spanning 19 states, a waterfront finish line, and a check for over $13,000 presented to local veterans, the 2025 edition of this reimagined North Carolina race proved that the best is just getting started. NEW BERN, NC / ACCESS Newswire / April 23, 2026 / On a crisp December morning, 527 runners laced up their shoes at...
US reclassifies certain marijuana products as a less-dangerous drug
US reclassifies certain marijuana products as a less-dangerous drug
Apr 23, 2026
April 23 (Reuters) - The U.S. Department of Justice is reclassifying FDA-approved and state-licensed marijuana as a less-dangerous drug, Acting Attorney General Todd Blanche said on Thursday. The announcement does not legalize marijuana across the United States.  In a post on X, Blanche said the Justice Department was immediately rescheduling FDA-approved marijuana and state-licensed marijuana from Schedule I to Schedule...
Copyright 2023-2026 - www.financetom.com All Rights Reserved