Mexican economy shows growth in the first quarter of the year

Thanks to the dynamism of the agricultural sector, Mexico's economy has shown significant growth so far this year, according to data published by the National Institute of Statistics and Geography (INEGI).

During the first quarter of 2025, the economy grew 0.2% compared to the previous quarter , as initially estimated, as measured by the Gross Domestic Product (GDP).

The agricultural sector was the most dynamic, with growth of 7.8%. in these months compared to the same period immediately prior, lower than the 8.1% initially estimated.

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Services, for their part, began the year with a quarterly decline of 0.1%. Among the activities with the greatest decline were wholesale trade, which fell 3.0% .

The industry reported a quarterly decline of 0.1% , less than the 0.3% decrease initially estimated.

Mining reported a 3.4% drop in the first three months of the year, while construction saw growth of 0.7% and manufacturing of 0.2% .

At an annual rate, GDP grew 0.8% in the first quarter of 2025, based on original figures, in line with the Institute's forecasts. By major economic activity groups, agricultural GDP grew 7.2%, services GDP grew 1.3% , and industrial GDP decreased 0.7% .

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INEGI also released the results of the Global Economic Activity Indicator (a type of monthly GDP). Last March, the indicator reported a monthly decline of 0.4% . higher than the 0.2% decrease expected in the appropriate estimate.

Industrial production fell 0.9% in the third month of the year, due to the contraction in mining and manufacturing. Meanwhile, services saw a monthly decline of 0.4% , marking a three-month period of growth.

On an annual basis and with seasonally adjusted figures, the Global Economic Activity Indicator reported a 0.1% decline in March 2025. By major categories, agricultural activities grew 7.5%; services grew 0.2%; while industry declined 1.3% .

With these results, the economy showed some resilience to that expected for March, however, Expectations are for less dynamism for the remainder of this year .

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