Mexico Election 2024: Polling Tracker Third Candidate Máynez Gains Support Amid Calls to Step Down

(We have updated the tracker with more recent polling. Click here to see the latest.)

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Mexico’s distant third candidate Jorge Álvarez Máynez is grabbing headlines this week, with growing speculation he has the chance to be the kingmaker of the election.

The latest edition of the Bloomberg Poll Tracker, with two fresh polls added, shows him adding support to 13% of voter intention. That’s taking away from the ruling party candidate Claudia Sheinbaum’s support, who’s still holding strong with 57% of intention.

With that in mind, it’s no surprise there’s increasing calls for him to bow out and throw his support behind the main opposition candidate, Xóchitl Gálvez. The head of the PRI, one of the main parties in Gálvez’s coalition, even said he would resign from his role and his own candidacy to the senate if Máynez withdraws before the next and final presidential debate on May 19.

That’s unlikely to happen, with Máynez calling the move an act of “desperation.” Still, even members of his own party have asked him to step aside to defeat the ruling party. Of course, even in the not-very-likely scenario where Máynez exits the race and all his backers rally behind Gálvez, Sheinbaum would still hold a cozy lead in the polls.

Bloomberg Poll Tracker

Effective vote intention, as of May 10, 2024

  1. Photo of Claudia Sheinbaum

    57%

    Claudia Sheinbaum

    Morena-PT-PVEM

  2. Photo of Xóchitl Gálvez

    30%

    Xóchitl Gálvez

    PAN-PRI-PRD

  3. Photo of Jorge Alvarez Maynez

    13%

    Jorge Álvarez Máynez

    MC

Note: Data for Movimiento Ciudadano party from November to Jan. 9 reflects support for previous nominee Samuel García Source: Bloomberg Poll Tracker

The Bloomberg Poll Tracker is a weighted poll of polls based on criteria including historical accuracy and survey methodology. Remember, our tracker excludes the effect of undecided voters and people who declined to answer the polls. The latest additions have samples taken through May 10.

In the meantime, all eyes are on plans for the heavily indebted Pemex. The government is studying options to absorb as much as $40 billion of debt, the equivalent of what will come due in the next presidential term, one of its top finance officials told investors in New York. Read our scoop here.


Who Is Running to be Mexico's President?

Claudia Sheinbaum
Running for ruling party Morena on a platform of continuity with López Obrador’s popular legacy, this student activist-turned scientist-turned politician is leading the race for the presidency. Sheinbaum, 61, has a long career as a Mexico City official: She was first environmental secretary when López Obrador ran the capital early this century and later oversaw one of its big southern districts before becoming mayor herself in 2018.
Read More
Climate Expert Claudia Sheinbaum Aims to Lead Oil-Rich Mexico
In Sync With AMLO, Mexico Frontrunner Proposes Boosting Welfare

Claudia Sheinbaum greets supporters during a campaign rally in Mexico City on April 30.
Claudia Sheinbaum greets supporters during a campaign rally in Mexico City on April 30. Photographer: Luis Antonio Rojas/Bloomberg

Be sure to check out our interview with Sheinbaum. You can read highlights on Donald Trump, migration, infrastructure and energy here and watch the whole video here.

Xóchitl Gálvez
Tasked with leading a coalition of disparate political parties whose identities have fluctuated over time — from the more right-wing PAN, to the historically powerful PRI and the once left-leaning PRD — and that for many voters have lost their luster. Gálvez herself grew up in poverty and was a businesswoman before entering politics.
Read More
Xochitl Galvez Readies for a Must-Win Mexico Presidential Debate
Mexico’s Maverick ‘Ms. X’ Embraces Pragmatism in Presidential Bid

Xóchitl Gálvez arrives for the second presidential debate ahead in Mexico City on April 28.
Xóchitl Gálvez arrives for the second presidential debate ahead in Mexico City on April 28. Photographer: Carl de Souza/AFP

Check out our full 2023 interview with Gálvez here. You can read highlights on her thoughts on nearshoring, insecurity and Donald Trump here.

Jorge Álvarez Máynez
The last to join the presidential race, he became the nominee of the newer Movimiento Ciudadano party on Jan. 9 after Nuevo León Governor Samuel García withdrew from the race. Álvarez Máynez was previously García’s campaign coordinator and a lawmaker in Mexico’s lower house.

Read More
Nuevo Leon Governor Ally Joins Mexico Presidential Race

Jorge Máynez greets supporters at the Universidad Autónoma Metropolitana Xochimilco in Mexico City on April 25.
Jorge Máynez greets supporters at the Universidad Autónoma Metropolitana Xochimilco in Mexico City on April 25. Photographer: Gerardo Vieyra/NurPhoto/Getty Images

The Economy

López Obrador is leaving behind an economy that has consistently exceeded analyst expectations for growth, as well as a strong peso, declining unemployment and gains in the stock exchange. For many Mexicans, government programs have helped ease pressure caused by inflation, which may translate into votes for continuity at the polling booth.

The Mexican Markets Pulse

Note: CDS show the riskiness of Mexican debt with the cost of insuring $10 million worth of bonds against default Source: Bloomberg

The presidency isn’t without challenges. Chief among them will be dealing with state-owned Petroleos Mexicanos, with a $106 billion debt pile that makes it the world’s most indebted oil company.

López Obrador has been lavishing support on Pemex in the form of tax cuts and capital injections, which haven’t reversed the company’s financial decline. His nationalistic policies also curtailed private-sector investment in Mexico’s oil industry.

A key question will be how his successor addresses that problem. It’s been a recurring topic in the campaigns, with the leading candidates proposing tapping renewable energy sources. Sheinbaum has also proposed refinancing Pemex’s debt.

More on Energy
Sheinbaum Wants Debt-Laden Pemex to Go Green
Mexico’s Gálvez Wants Sweeping Energy Reforms


Security

Also top of mind for voters across the country will be security, according to polls that place it as Mexico’s biggest problem.

Even as the situation worsens, many voters still dread returning to violent drug wars of past administrations, prompting some hesitation to vote against the ruling Morena party.

Homicides Hit a Record High on AMLO’s Watch in Mexico

Note: SESNSP changed its methodology in 2017 Source: Secretariado Ejecutivo del Sistema Nacional de Seguridad Pública

While López Obrador emphasizes he has brought the homicide rate down, numbers are near records and it has become a hot-button issue for the candidates. Gálvez has made it the core of her campaign, with the slogan “For a Mexico without fear.”

Critics of López Obrador’s approach have pointed to how he tasked the armed forces with building infrastructure — from a tourist train in the Yucatan peninsula to an equine reproduction center — to the detriment of security. Read our Big Take investigation.


And AMLO?

Among the many questions that remain are how much of a role the president, whose approval stands close to 60%, will stay present in Mexico’s political landscape once his term is over. So far, he has said he will retire to his ranch in Palenque in the south. In the lead-up to the campaign, López Obrador unveiled a swath of 20 long-shot constitutional reforms aimed at energizing his base and underscoring the ruling Morena party’s values. Constitutional changes require the support of a two-thirds majority in Congress to pass, with the ruling party currently falling short.

Andrés Manuel López Obrador speaks during a press conference at the National Palace in Mexico City on May 2.
Andrés Manuel López Obrador speaks during a press conference at the National Palace in Mexico City on May 2. Photographer: Luis Barron/Eyepix Group/LightRocket/Getty Images

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