Mexico’s gross domestic product fell 0.6% quarter-on-quarter in the first quarter of 2026, according to data updated on 22 May 2026, marking a sharp reversal from the 0.9% expansion recorded in the previous quarter. The latest reading underscores a loss of momentum at the start of the year after a relatively solid finish to the prior quarter.
On a quarter-over-quarter basis, the prior 0.9% increase in GDP reflected growth compared with the quarter before it, but that trajectory has now turned negative. The shift from positive to negative territory highlights mounting headwinds for the Mexican economy and raises concerns about the durability of recent growth. Investors and policymakers will be watching upcoming data closely to gauge whether the first-quarter contraction proves temporary or signals a more persistent slowdown.
