Mexican Economic Overview Sept. 2022

After growing 1.1% in 1Q 2022 relative to 4Q 2021, Mexico’s economy grew 0.9% in 2Q 2022 relative to 1Q 2022; primary activities expanded 0.9% while secondary and tertiary activities both grew 0.9% during the quarter, respectively. Meanwhile, after the U.S. economy contracted 0.4% during 1Q 2022, it once again decreased 0.1% in 2Q 2022 relative to 1Q 2022, its second consecutive quarter of negative growth.