Mexico’s real GDP expanded 0.9% from the previous quarter in the July–September quarter. Growth was strong at 3.2% year on year, but automotive exports fell approximately 12% year on year in September.
Mexico’s preliminary GDP estimate for the July–September quarter showed real growth of 0.9% from the previous quarter, excluding price fluctuations. Growth slowed from 1.4% in the April–June quarter but remained positive for the second consecutive quarter. Year on year, GDP growth was 3.2%, the strongest increase in three years.
Vehicle exports totaled 277,000 units in September, down approximately 12% from the same month a year earlier, raising concerns about the impact of declining exports on future growth.