Publications

In 2025, there were 160,000 deportations of Mexican migrants, a figure 22.3% lower than the 206,000 events recorded in 2024, and 25.4% below the 215,000 deportations in 2023. Remittances to Mexico posted a slight increase in February, edging up 0.4% to reach 4,468 million.

The BBVA Research Multidimensional Manufacturing Indicator grew 4.0% YoY in February, moderating the dynamism observed in the first month of the year, although remaining in positive territory for the sixth consecutive month.

This Agenda presents the 2026 dissemination schedule for economic indicators and relevant monetary policy events in Mexico and the US; dates of important events such as the meetings of various relevant international entities such as: World Economic Forum, World Bank and the IMF

If inflation expectations remain well anchored, a pause driven by a supply-driven shock could prove counterproductive given policy lags, potentially leaving the stance tighter than desired once these pressures dissipate.

The BBVA Research Big Data Consumption Indicator reported a (-)3.5% MoM decline in February (real, sa), with contractions in both goods and services segments.

We upgraded our 2026 GDP growth forecast to 1.8% (1.2% previously), supported by the sustained resilience of consumption and the anticipated gradual recovery in investment. After a weak 2025, formal employment begins to improve. We expect core inflation to resume its downward trend in the second quarter of the year.

This year, the trade agreement between Mexico, the United States, and Canada (USMCA) enters its review process. It is worth recalling that the agreement is in force until 2036, but it includes a review mechanism beginning July 1 that could lead to different scenarios.