Recent positive momentum in Mexico’s economic activity, including a 0.8% monthly rise in the July IGAE proxy and 3.3–3.4% year-over-year growth, has positioned the 2.5–3.0% and 3.0–3.5% ranges as the leading implied probabilities for Q3 2026 GDP growth. Export strength, industrial production gains, and improved Q2 results (1.4% quarter-over-quarter) have supported upward revisions to full-year 2026 forecasts toward 1.4–1.5% by the IMF and Banxico survey respondents. Mixed signals persist in consumption and employment, while inflation near target and external uncertainties remain watchpoints ahead of the late-October INEGI release.