LatinNews Daily - 01 May 2026

*Mexico’s national statistics institute (Inegi) has released GDP figures for the first quarter of 2026, showing a decline of 0.8% in quarterly terms and growth of 0.2% in yearly terms. This follows quarterly growth of 0.9% and 1.8% yearly growth in the final quarter of 2025. The Q1 quarterly decline was larger than the 0.5% contraction predicted by economists polled by newswire Reuters. Activity in the primary sector (agriculture) fell by 1.4% in quarterly terms, the secondary sector (manufacturing) declined by 1.1%, and the tertiary sector (services) by 0.6%. In year-on-year terms, the tertiary sector grew by 0.9%, while the primary sector declined by 0.1% and the secondary by 1.1%.

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