Overview
- INEGI’s early estimate published Thursday showed Mexico’s GDP rose 1.5% quarter‑on‑quarter in Q2 2026, with primary activity up 3.3%, industry up 1.6% and services up 1.5%.
- Spain’s advance national accounts from the INE reported Q2 growth of 0.7% q/q driven by household consumption, investment and a recovery in construction.
- The U.S. Commerce Department reported annualized Q2 growth of 1.5%, supported by strong consumer spending and heavy investment in AI and data centers but reduced by a surge in imports of chips and equipment.
- Analysts caution Mexico’s uptick is partly temporary because World Cup tourism, retail and event‑related construction supplied a large share of the boost and the EOPIBT is subject to revision on the August release.
- Policy makers and markets will watch H2 indicators such as investment, industrial output, inflation and export demand for signs the Q2 gains can be sustained and to judge central bank and fiscal responses.