The Mexican economy registered mixed results in the first quarter of 2026 (1Q26), marked by a drop in industrial activities , according to data published this Friday by the National Institute of Statistics and Geography (Inegi) .

In the January-March period of this year, and with seasonally adjusted figures,  the Gross Domestic Product (GDP) fell 0.6% on a quarterly basis , according to information from the agency.

In its annual measurement, Mexico’s GDP showed better results, increasing 0.4%  in real terms.

In the reference cycle, the GDP of primary activities , which include agriculture, mining and fishing, decreased by 1.7% quarterly.

Meanwhile, the  secondary sector , which includes manufacturing and construction, fell by 1% quarter-on-quarter. The tertiary sector , which includes services such as commerce, transportation, and communications, experienced a quarterly decline of 0.4%.

On an annual basis, the GDP of primary activities increased by 3%, that of secondary activities decreased by 1.1%, and that of tertiary activities advanced by 1.1 percent.

According to Inegi, the transport, postal and storage sector registered a positive variation in GDP , with an annual increase of 0.4% in Q1 2026.

“The Quarterly Gross Domestic Product offers, in the short term, a timely, complete and coherent view of the evolution of the country’s economic activities,” Inegi pointed out.

The GDP results for the first quarter of the year are in line with the Timely Estimate of Quarterly Gross Domestic Product (EOPIBT) , published on April 30 by Inegi, which projected a fall in the Mexican economy of 0.8% on a quarterly basis and an annual growth rate of 0.2%, although the figures released this Friday indicate adjustments: a quarterly decline of 0.6% and an annual increase of 0.4%.

According to Grupo Financiero BASE , the Mexican economy shows signs of being in a “stagnation trap” , caused by weakening institutions, increased informality, a drop in fixed investment and a decline in productivity.

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