FX.co ★ Mexico Industrial Output Fall Less than Expected

In February 2025, Mexico's industrial production fell by 1.3% compared to the same period the previous year. This marks an improvement from the 2.9% decline noted in January and surpasses market projections of a 3.9% contraction. The manufacturing sector saw a modest decrease of 0.3%, a recovery from January's 0.9% decline. Meanwhile, construction activity showed resilience, increasing by 0.4% after experiencing a significant 7.0% fall previously. Conversely, the output in utilities dropped by 1.2%, a reversal from a 0.6% gain in January. Mining output saw a sharper decline of 9.2%, up from an 8.3% decrease the month before. On a seasonally adjusted monthly basis, industrial production experienced a notable increase of 2.5% in February, significantly outperforming the anticipated 0.1% growth. This surge was fueled by a 2.9% rise in manufacturing and a 2.8% uplift in construction.