Overview of Mexico’s Economic Performance in June 2025
The Mexican economy experienced a modest expansion of 0.2% in June 2025, primarily driven by the dynamism of the services sector, according to the latest report from Mexico’s National Institute of Statistics and Geography (INEGI).
Monthly Growth Surpasses May’s Performance
The Indicador Global de la Actividad Económica (IGAE), which tracks Mexico’s economic performance on a monthly basis, reported a 0.2% growth in June compared to the previous month. This figure is slightly higher than May’s 0.1% growth.
On an annual basis, the economic growth in June was 0.9%, up from May’s 0.6%.
Moderate Growth and Government Targets
Since last year, Mexico has seen moderate economic growth, raising questions about whether the government’s estimated growth target of 1.5 to 2.3% set by Claudia Sheinbaum’s administration can be achieved.
However, analysts and organizations have different growth estimates. For instance, the Organisation for Economic Co-operation and Development (OECD) predicts a 0.4% GDP growth this year, while the Citi Encuesta de Expectativas forecasts a 0.3% growth.
Services Sector Takes the Lead
According to INEGI’s report, the monthly advance was mainly due to the performance of tertiary activities, or the services sector in Mexico.
The services sector showed a monthly growth of 0.3% after a similar decline in the previous month.
- Positive Performers: Among the services, recreational cultural and sports activities demonstrated better economic performance with a 1.5% monthly growth.
- Declining Sectors: In contrast, financial and insurance services fell by 1.1% monthly in June.
Primary and Secondary Activities Contract
INEGI’s report also indicated that primary and secondary activities experienced monthly contractions in June.
- Primary Activities: This sector, which includes livestock, fishing, hunting, agriculture, and similar activities, reported a 0.1% monthly contraction after growing by 2.9% in the previous month.
- Secondary Activities: The industrial sector also experienced a 0.1% monthly decline compared to May, with mining industry activities showing the most significant economic contraction at 1.4%.
Key Questions and Answers
- What is the main idea of the content? The Mexican economy experienced a modest 0.2% growth in June 2025, primarily driven by the services sector’s performance.
- Who is Claudia Sheinbaum, and why is her growth estimate relevant? Claudia Sheinbaum is the head of Mexico City’s government. Her administration has set a growth target estimate between 1.5% and 2.3% for the national economy.
- What are the different growth estimates from analysts and organizations? The OECD predicts a 0.4% GDP growth this year, while the Citi Encuesta de Expectativas forecasts a 0.3% growth.
- Which service sectors performed well and which declined in June? Recreational cultural and sports activities showed better economic performance with a 1.5% monthly growth, while financial and insurance services fell by 1.1%.
- What happened to primary and secondary activities in June? Primary activities, including agriculture and livestock, contracted by 0.1%, while the industrial sector, particularly mining, experienced a 0.1% and 1.4% monthly decline, respectively.
