Mexico Q3 GDP grows 3.22% year-on-year, beating 3.0% forecast

The beat is modest, but in a macro backdrop where most major economies are decelerating, a print above consensus matters for how Mexico's growth story is read. The release gives no sector or demand breakdown, so the composition of the expansion is the real question — whether it is broad-based or concentrated in a few drivers. For markets tracking Mexico-linked exposure, including the country's role in nearshoring narratives, the durability of this pace into coming quarters is what's worth watching.