Goldman Sachs expects Nvidia ’beat and raise,’ lifts price target to $240
Investing.com -- Mexico’s economy contracted by 0.3% in the third quarter compared to the previous three months, matching analyst expectations and marking a significant slowdown from the 0.6% expansion recorded in the second quarter.
The quarterly GDP decline was primarily driven by weakness in the services sector and particularly in manufacturing, according to economic data released Thursday.
On a year-over-year basis, the Mexican economy also contracted by 0.3%, deteriorating from the flat growth (0%) reported in the second quarter.
This economic contraction is expected to influence the Bank of Mexico’s (Banxico) upcoming monetary policy decision. Analysts anticipate that the central bank will implement another 25 basis point cut to its policy rate at next Thursday’s meeting, which would bring the rate down to 7.25%.
The GDP figures aligned with the LSEG consensus forecast, confirming the anticipated slowdown in Mexico’s economic activity during the third quarter of 2025.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.