Latam Daily: Mexican GDP and CPI Recap
中文标题
拉丁美洲每日报告：墨西哥GDP与CPI回顾
Core conclusion · Tlines extraction
Scotiabank Economics reports stronger Mexican economic activity in June, revised Q2 GDP growth of 2.1% y/y, and contained inflation in early August. Industrial activity rebounded, services remained robust, and inflation stayed below expectations, supporting a stable macroeconomic outlook for Mexico.
- Institution
- Scotiabank Economics
- Published
- 08/24/2026
- Research topic
- Economic Growth · Mexico Economic Activity · Mexico GDP
- Time horizon
- Q3 2026 · Q2 2026 · August 2026 · June 2026
Key arguments
- June IGAE rose 2.8% y/y, rebounding from May's 1.1%.
- Q2-26 GDP revised to 2.1% y/y, broadly based across sectors.
- Early August inflation at 3.26% y/y, below expectations and contained.
- Core inflation remains at 3.93% y/y, while non-core is only 0.96%.
- Industrial activity returned to positive, led by mining and construction.
Key numbers
- June IGAE y/y
- 2.8%
- May IGAE y/y
- 1.1%
- Q2-26 GDP y/y (revised)
- 2.1%
- Q2-26 GDP preliminary
- 2.2%
- Q2-26 GDP q/q
- 1.4%
- Early August inflation y/y
- 3.26%
- Early August biweekly inflation
- 0.10%
- Core inflation y/y
- 3.93%
Main risks
- Downside risk: Non-core inflation could spike due to volatile agricultural prices.
- Downside risk: Industrial sector remains flat in H1, suggesting fragility.
- Upside risk: Strong services and wholesale trade could accelerate growth.
- Inflation might rise if energy or food prices rebound.
Corresponding source evidence
In June, the Global Indicator of Economic Activity (IGAE, chart 1) showed annual economic activity growth of 2.8% (compared with 1.1% in May), based on original figures, maintaining the positive trend observed in recent months.
· Q3 2026Revised GDP figures for Q2 - 26 released today updated annual growth to 2.1% (chart 2), marginally below the preliminary estimate of 2.2%.
· Q2 2026In the first half of August, inflation remained contained (chart 3), with a biweekly increase of 0.10% (below the 0.13% expected)
· August 2026
Context: the conclusion is Tlines' automated extraction, not the institution's wording. Quoted evidence is publisher wording. Scope and date must travel with the conclusion.
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AI analysis
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How this page was produced
Tlines extracted the conclusion, arguments, numbers and risks above from the report published by Scotiabank Economics on 08/24/2026, then structured them for comparison. The publisher's own wording is reachable through the source link on this page and is displayed in full above. Last updated 10/17/2026. Methodology · Source policy · AI usage · Request a correction