Mexican Economy Grows 3.2% Annually in the Third Quarter of 2026, Its Biggest Advance in Three Years
Services and industry drove the expansion while agriculture contracted, and the economy has now grown year-on-year for four straight quarters.
Services and industry drove the expansion while agriculture contracted, and the economy has now grown year-on-year for four straight quarters.
A stronger peso, lower interest rates and refinancing drove the savings, which helped contain the public deficit.
Mexico’s economy grew 3.2% in the third quarter, beating forecasts of under 1%, as some 2,500 kilometers of new rail lines are built across the country.
The economy grew 3.3% year-over-year in July, driven by a 4% rise in trade and services, and has grown 1.5% so far this year.
The United States, Spain and Canada supplied 60% of the inflows, and the first quarter of 2026 set another record at $23.6 billion under Plan México.
Rebutting the British weekly, Mexico’s Finance Ministry pointed to record exports, a shrinking deficit, and eight rating agencies still holding the country at investment grade.
Federal physical spending jumped 62.6% in real terms in July, driven by a 130.6% surge at Pemex.
Sheinbaum framed the record as proof the economy is holding firm despite forecasts of weaker growth, alongside a peso at 16.97 to the dollar.
President Sheinbaum’s daily press conference, with comments on Olinia, the strong peso, school funding, public service, audience rights, and disinformation networks.
Mexico’s ‘super peso’ smashes past the 17-peso barrier to 16.98 per dollar, its strongest since May 2024, another embarrassment for the doomsayers who told everyone to buy dollars.