Mexico Industrial Output Falls More than Expected

2026-07-10 12:43 By Larissa Caser 1 min. read

Mexico's industrial production fell 0.7% year-on-year in May 2026, reversing a 2.3% increase in April, lower than market expectations of a 0.1% drop as weakness was broad-based across sectors.

The downturn was led by a contraction in manufacturing activity by 1.5% after a flat reading in the previous month, reflecting weaker output across industries, particularly in the manufacturing of computers and communication related equipment (-7.5%).

Utilities production declined further by 0.9% after a 0.4% drop, while construction activity fell 0.3%, reversing a 10.4% gain despite a surge in civil engineering works (15.9%).

Meanwhile, mining and quarrying output growth accelerated to 3.9% from 3.4%, supported by stronger growth in mining related services (51.3% vs 23.7%).

On a seasonally adjusted monthly basis, industrial activity fell by 0.8% in May, reversing a 2.1% increase in the previous month.



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Mexico Industrial Output Falls More than Expected
Mexico's industrial production fell 0.7% year-on-year in May 2026, reversing a 2.3% increase in April, lower than market expectations of a 0.1% drop as weakness was broad-based across sectors. The downturn was led by a contraction in manufacturing activity by 1.5% after a flat reading in the previous month, reflecting weaker output across industries, particularly in the manufacturing of computers and communication related equipment (-7.5%). Utilities production declined further by 0.9% after a 0.4% drop, while construction activity fell 0.3%, reversing a 10.4% gain despite a surge in civil engineering works (15.9%). Meanwhile, mining and quarrying output growth accelerated to 3.9% from 3.4%, supported by stronger growth in mining related services (51.3% vs 23.7%). On a seasonally adjusted monthly basis, industrial activity fell by 0.8% in May, reversing a 2.1% increase in the previous month.
2026-07-10
Mexico Industrial Output Rebounds in April
Mexico's industrial production increased 2.3% year-on-year in April 2026, rebounding from a 1.3% decline in March and defying forecasts of a 0.8% drop. It marked the second and strongest expansion in four months. The construction sector surged 10.4%, supported by robust growth in building construction (13.7%), while specialized construction activities rose 3.2% and civil engineering works advanced 0.9%. Mining output increased 3.4%, led by a 23.7% jump in mining-related services. Meanwhile, manufacturing output was unchanged, with the strongest gains recorded in petroleum and coal products (12.1%), while printing and related support activities posted the sharpest decline (-7.3%). On a seasonally adjusted monthly basis, industrial production rose 2.1%, reversing a 0.6% fall in March.
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