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LatinNews Daily - 26 May 2026

In brief: Mexico’s economy contracts in first quarter

*Mexico’s national statistics institute (Inegi) has released figures on the country’s economic activity in the first quarter of 2026, showing a quarterly contraction of 0.6%, compared to growth of 0.7% in the final quarter of 2025. In yearly terms, economic activity was up by 0.4% in real terms. The quarterly contraction was the largest since the final quarter of 2024, when economic activity dropped by 1.1%. Activities in the primary sector (agriculture) were down by 1.7% in quarterly terms, while those in the secondary sector (manufacturing) were down 1.0% and the tertiary sector (services) dropped by 0.4%. In annual terms, the primary sector was up by 0.3% and the tertiary sector by 1.1% while the secondary sector was down by 1.1%.

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