Banco Base
Coverage of Banco Base in the Nexus archive.
- Formal and informal employment slumped during the first half of 2026
Mexico's workforce participation declined by nearly 300,000 during the first half of 2026, with June employment figures being the second-worst of the year. Job losses were linked to contractions in both formal and informal employment, though more severe in the latter, while the unemployment rate reached 2.9%, the highest since September 2025.
- Mexico’s economy bounces back in April, posting 2.2% annual growth
Mexico’s economy grew 2.2% annually in April 2026, driven by a 10.2% surge in construction linked to FIFA World Cup projects. The secondary sector expanded 1.8% annually, while the tertiary sector grew 2.4%, with wholesale and health services seeing significant gains.
- Peso nears its best rate of 2026 as US-Iran tensions ease
The Mexican peso strengthened to 17.20 per US dollar as tensions between the US and Iran eased following President Trump's comments. The peso's rebound coincided with a 3.33% rise in the Mexican Stock Exchange (BMV) and improved risk appetite due to progress in Middle East negotiations and expectations of US Federal Reserve rate cuts.