Economics: The data published in August reflects an economy that remains weak
Economic data published in August indicate that while the economy improved its performance in the second quarter and in July, it remains weak. Industrial activity continues to show a slight decline, and services, while experiencing relatively high growth, are seeing some sectors affected by lower household spending, particularly in segments related to leisure, restaurants, and hotels.
The financial rescue strategy for Pemex and its strategic plan were announced at the end of July and the beginning of August. Although they have some novel elements, they do not ensure a reduction in the company's losses, and therefore, the company continues to generate a high fiscal risk for the Federal Government. Finally, the 2024 data on household income and poverty was published in August, allowing for an assessment of the achievements of the previous six-year administration. The data shows a significant reduction in inequality and poverty, but two questions remain: At what cost? And how viable is it to continue improving these indicators by means of the instruments used so far?
Regarding last week's economic indicators, it was reported that the employed population experienced a slight annual increase in July (0.8%) due to a rise in informal employment, while formal employment saw a decline. Meanwhile, the balance of payments figures for the second quarter of 2025 recorded a small current account surplus (US$206 million), and also showed that remittances, although they increased compared to the first quarter of this year, registered an 11.2% drop compared to the second quarter of 2024.
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