Markets Actual Q4/24 Q1/25 Q2/25 Q3/25
Currency 20.69 20.92 21.18 21.45 21.72
Stock Market (points) 49712.90 50022 49224 48436 47658
Government Bond 10Y (%) 10.42 9.99 9.88 9.77 9.67

Overview Actual Q4/24 Q1/25 Q2/25 Q3/25
GDP Growth Rate (%) 1.10 0.4 0.6 0.2 0.7
GDP Annual Growth Rate (%) 1.60 1.6 1.8 2 2.2
Unemployment Rate (%) 2.90 2.7 2.4 2.9 2.8
Inflation Rate (%) 4.76 4.6 4.4 4.1 3.9
Inflation Rate MoM (%) 0.55 0.3 0.2 0.25 -0.1
Interest Rate (%) 10.25 10 8 6.5 5.5
Balance of Trade (USD Million) -579.00 3935 1656 -1500 -500
Current Account (USD Million) 732.78 7500 -20050 4000 1500
Business Confidence (points) 52.30 53 53.2 52.5 53.4
Manufacturing PMI (points) 48.40 49 50 51.9 52.4
Consumer Confidence (points) 49.40 49 48.8 48.5 49.1
Retail Sales MoM (%) 0.10 -0.4 0.1 -0.2 0.3
Current Account to GDP (% of GDP) -1.50 -1.23
Government Debt to GDP (% of GDP) 49.70 57
Government Budget (% of GDP) -5.00 -5.8

GDP Actual Q4/24 Q1/25 Q2/25 Q3/25
GDP Growth Rate (%) 1.10 0.4 0.6 0.2 0.7
GDP Annual Growth Rate (%) 1.60 1.6 1.8 2 2.2
GDP Constant Prices (MXN Million) 25617175.50 25603624 25681576 25772145 26180753
Gross Fixed Capital Formation (MXN Million) 6431337.00 6492478 6519066 6559964 6572826
GDP Aggregate Demand YoY (%) 2.10 2.1 1.8 2 1.7
GDP Aggregate Demand QoQ (%) -0.40 1 1.2 0.8 1.5
Monthly GDP MoM (%) 0.20 0.5 -0.1 0.2 0.4
Monthly GDP YoY (%) 0.30 2 3.1 2.4 4
GDP from Utilities (MXN Million) 349223.00 334274 353200 353894 356906
GDP from Agriculture (MXN Million) 757120.00 972797 755918 858802 773777
GDP from Public Administration (MXN Million) 836249.00 888310 827878 858460 854646
GDP from Mining (MXN Million) 915096.00 979132 969590 960766 935228
GDP from Construction (MXN Million) 1579095.00 1643811 1515419 1673545 1613835
GDP from Services (MXN Million) 15261627.00 15493993 14929462 15515936 15597383
GDP from Manufacturing (MXN Million) 5309002.00 5202432 5210494 5353197 5425800
GDP from Transport (MXN Million) 1899578.00 1855470 1874164 1987475 1941369
GDP (USD Billion) 1788.89 1816
GDP per Capita (USD) 10326.95 10482
GDP per Capita PPP (USD) 22366.66 22702
Full Year GDP Growth (%) 3.20 1.5

Labour Actual Q4/24 Q1/25 Q2/25 Q3/25
Unemployment Rate (%) 2.90 2.7 2.4 2.9 2.8
Productivity (points) 98.70 99 104 95 90
Wages (MXN/Day) 581.57 583 584 586 585
Minimum Wages (MXN/Day) 248.93 249 287 287 287
Wages in Manufacturing (USD/Hour) 3.80 5.9 4.2 4.5 4.9
Population (Million) 128.46 129

Prices Actual Q4/24 Q1/25 Q2/25 Q3/25
Inflation Rate (%) 4.76 4.6 4.4 4.1 3.9
Inflation Rate MoM (%) 0.55 0.3 0.2 0.25 -0.1
Consumer Price Index CPI (points) 136.83 138 140 140 141
Core Consumer Prices (points) 135.81 136 138 139 139
Core Inflation Rate (%) 3.80 3.5 3.7 3.2 2.9
GDP Deflator (points) 131.82 136 136 137 137
Producer Prices (points) 128.51 128 129 132 133
Core Inflation Rate MoM (%) 0.28 0.5 0.4 0.3 0.2
Producer Prices Change (%) 5.50 5 4.7 4.3 3.9
Food Inflation (%) 6.23 6.5 5.7 5.3 4.9
CPI Housing Utilities (points) 120.33 124 127 122 124
CPI Transportation (points) 130.58 131 131 132 131

Money Actual Q4/24 Q1/25 Q2/25 Q3/25
Interest Rate (%) 10.25 10 8 6.5 5.5
Interbank Rate (%) 10.74 10.49 8.49 6.99 5.99
Foreign Exchange Reserves (USD Million) 231867.00 230000 235000 239500 241900
Loans to Private Sector (MXN Thousand) 3540652241.85 3307955403 3316827970 3500534077 3618546591

Trade Actual Q4/24 Q1/25 Q2/25 Q3/25
Balance of Trade (USD Million) -579.00 3935 1656 -1500 -500
Current Account (USD Million) 732.78 7500 -20050 4000 1500
Imports (USD Million) 50204.90 45665 49700 50500 51000
Exports (USD Million) 49625.90 49600 51356 49000 50500
Tourism Revenues (USD Thousand) 1605695.66 3158600 3058000 2380000 1780000
Tourist Arrivals (Thousand) 1459.47 3000 2220 2400 1750
Crude Oil Production (BBL/D/1K) 1862.00 1890 1915 1930 1910
Auto Exports (Thousand Units) 332.36 242 280 310 270
Current Account to GDP (% of GDP) -1.50 -1.23

Business Actual Q4/24 Q1/25 Q2/25 Q3/25
Business Confidence (points) 52.30 53 53.2 52.5 53.4
Manufacturing PMI (points) 48.40 49 50 51.9 52.4
Industrial Production Mom (%) 0.60 0.5 0.1 -0.2 0.3
Industrial Production (%) -0.40 1 -0.5 2.9 4
Manufacturing Production (%) 1.50 -2 1.1 1.8 0.2
Car Production (Thousand Units) 382.10 226 340 370 330
Private Investment (%) -1.90 -1.5 2.2 4 0.5

Consumer Actual Q4/24 Q1/25 Q2/25 Q3/25
Consumer Confidence (points) 49.40 49 48.8 48.5 49.1
Retail Sales MoM (%) 0.10 -0.4 0.1 -0.2 0.3
Retail Sales YoY (%) -1.50 0.4 2 2.5 2.3
Consumer Spending (MXN Million) 18091608.00 18160508 18519748 18453440 18489623
Consumer Credit (MXN Million) 1924943.90 1849300 1884125 1963443 1967293
Private Sector Credit ( MXN Thousand) 6823958337.20 6333072112 6434528170 6725529294 6974085421
Gasoline Prices (USD/Liter) 1.16 1.2 1.22 1.24 1.26

Government Actual Q4/24 Q1/25 Q2/25 Q3/25
Government Debt to GDP (% of GDP) 49.70 57
Government Budget (% of GDP) -5.00 -5.8