LatinNews Daily - 26 August 2025

*Mexico’s national statistics institute has released figures on the country’s economic activity in the second quarter of 2025, confirming quarterly growth of 0.6% in real terms, down from 0.7% on preliminary figures. In yearly terms, Inegi states GDP grew by 1.2% in the second quarter of 2025, in line with its previous estimate. Growth in Q2 was in line with the median estimate in a Bloomberg survey. This is the second consecutive quarter of GDP growth, following a quarterly contraction of 0.6% in Q4 2024 and growth of 0.3% in Q1 2025, when the country narrowly avoided entering a recession, according to the latest figures. In Q2 2025, activities in the primary sector (agriculture) were down 2.4% in quarterly terms, while those in the secondary sector (manufacturing) and tertiary sector (services) were up by 0.7% and 0.8% respectively. In yearly terms, primary activities were up 2.6% and tertiary activities were up 1.8% while secondary activities fell by 0.3%. Weak economic growth was among the reasons that Mexico’s central bank (Banxico) cited for its decision to slow the pace of its interest rate cuts earlier this month, according to meeting minutes released on 21 August.

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