LatinNews Daily - 24 September 2025

*Mexico’s national statistics institute (Inegi) has released its latest global indicator of economic activity (IGAE), revealing that economic activity declined by 0.9% in July compared to the previous month, while activity dropped by 1.2% year-on-year. This compares to a monthly increase in the IGAE of 0.1% and a yearly increase of 0.7% in June, according to the latest figures. Activities in the primary (agriculture) sector decreased by 3.0% in monthly terms, while those in the secondary (manufacturing) sector dropped by 1.2%, and the tertiary (services) sector by 0.4%. In yearly terms, activities in the primary sector were down by 12.2% and those in the secondary sector dropped by 2.8%. Activities in the tertiary sector increased by 0.4% in yearly terms. In its latest Economic Outlook, Interim Report, released yesterday, the Organisation for Economic Co-operation and Development (OECD) forecast growth of 0.8% for Mexico this year, up 0.4 percentage points on its previous (June) forecast. It also revised up its 2026 growth forecast to 1.3%, up from 0.2 percentage points on its June forecast. Both forecasts are below growth of 1.4% recorded in 2024.

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