Mexico - June 2026

MEXICO | Remittances continue to rise year-on-year. On 1 June Mexico’s central bank (Banxico) released remittance figures for April 2026, announcing that remittances to the country totalled US$4.98bn. This represents a 3.7% increase year-on-year but is down from US$5.39bn in March. April represents the third consecutive month of annual increases in the remittance total, following an increase of 4.9% in March and 0.4% in February. From January-April 2026, remittances totalled US$19.68bn, up 2.6% on the US$19.18bn received during the same period in 2025.

MEXICO | Economy contracts in first quarter. On 25 May Mexico’s national statistics institute (Inegi) 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%.

MEXICO | Industrial production down. On 11 May Mexico’s national statistics institute (Inegi) reported a 0.6% fall in industrial activity in March 2026 compared with February and a 1.5% drop in yearly terms. The monthly decrease was driven by a fall of 3.3% in construction and a 0.2% drop in manufacturing industries. This was offset somewhat by a 0.3% increase in utilities (electricity generation and transmission, provision of water and gas) and a 1.7% rise in mining. In yearly terms, construction was down 5.3%, while manufacturing dropped 1.6%. Utilities rose 0.3% year-on-year while mining was up 5.8%.

Mexico: GDP growth
Percentage variation (year-on-year)

Mexico: unemployment rate
Economically active population

Mexico: inflation rate
Percentage variation (year-on-year)

Source (all graphs): National Statistics Institute (Inegi)