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Mexico's economy grows 0.6% in August, INEGI says; hotels and restaurants decline

The IGAE rose for a second straight month and was up 3.5% year over year in adjusted figures; lodging and food services, key for Cancún, fell 2.8% from 2025.

By Miguel Díaz Miró · Responsible editor ·
INEGI Global Economic Activity Indicator chart

Mexico's economic activity grew 0.6% in August 2026 compared with July, according to the Global Economic Activity Indicator (IGAE) released Friday, October 23, by the National Institute of Statistics and Geography (INEGI). In seasonally adjusted figures, annual growth was 3.5% versus August 2025; in the original, unadjusted series, the year-over-year increase was 3.3%.

It is the second consecutive month of monthly growth, after the indicator rose 0.8% in July, according to the institute's data.

Which sectors drove it

By broad activity, and in seasonally adjusted figures, INEGI reported these monthly changes for August:

  • Primary activities (farming, livestock, fishing): +3.5%
  • Secondary activities (industry, construction, manufacturing): +0.6%
  • Tertiary activities (trade and services): +0.2%

In the annual comparison by subsector, wholesale trade (+12.1%) and construction (+7.5%) stood out. On the other side, agriculture fell 6.1%.

The number that matters in Cancún

Among the subsectors that declined year over year is temporary accommodation and food and beverage services, down 2.8% from August 2025. That category covers hotels, restaurants and bars: the backbone of jobs and income in Cancún and the rest of the Mexican Caribbean.

The IGAE is a national indicator, so it does not directly show what happened in Quintana Roo. Still, a nationwide contraction in lodging and food services is a signal worth watching for anyone who relies on tips, commissions or seasonal work in the hotel zone.

What it means for your wallet

  • The IGAE is not inflation. It measures how much the economy produces, not how fast prices rise. INEGI tracks inflation separately through the INPC consumer price index.
  • A growing economy usually means more hiring and stronger demand, but the effect is uneven: in August, the push came mainly from wholesale trade and construction, not tourism services.
  • If you work in tourism, it is a good moment to review your finances ahead of the winter high season: build a cushion for slow months and avoid running up credit-card debt against variable income.
  • If you are job hunting, growth in construction matches active building projects in the region; formal openings are listed on the National Employment Service's Portal del Empleo.

How to check the data

The full IGAE bulletin, with subsector tables, is available in INEGI's press room (inegi.org.mx). For Quintana Roo specifically, INEGI publishes the Quarterly State Economic Activity Indicator (ITAEE), which comes out several months after the national IGAE.

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