Mexico Economic Activity Contracts Sharply in April

Mexico’s economic activity contracted by 1.5% year-on-year in April 2025, marking a sharp reversal from the 2.5% growth recorded in March and the steepest decline since February 2021.

Nonetheless, the contraction was slightly less severe than market expectations, which had pointed to a 2% drop.

Biggest falls were seen in wholesale trade (-8.1%), mining (-7.7%) and construction (-6.8%).

On the other hand, the highest gains were recorded in business support services, waste management and remediation (8.7%), followed by professional, scientific and technical services (7.9%) and cultural and sports leisure services among others (7.5%).

On a seasonally adjusted monthly basis, economic activity rose by 0.5%.