FX.co ★ Mexico Industrial Output Falls the Most since 2021

In April 2025, Mexico experienced a significant downturn in its industrial output, marking a 4% decline compared to the same month the previous year. This drop represents the most substantial decrease since February 2021, following a 1.9% growth observed in March. The decline was predominantly driven by reduced manufacturing activity, which decreased by 2.6% after a 3.1% increase in the prior month, and a sharp downturn in construction, which plummeted by 6.8% following a 5.4% rise in March. Additionally, output in public services registered a decrease of 1.7%, slightly improved from the previous month's 1.9% decline, while mining output saw a 4% drop, a recovery from the preceding month's 9.5% fall. On a seasonally adjusted basis, industrial output saw a marginal increase of 0.1% in April, following a 1.2% decline in March.