FX.co ★ Mexico Factory Output Falls Less than Expected

Industrial production in Mexico declined by 0.8% year-on-year in November 2025, following a revised decrease of 0.3%. This decline was less severe than the anticipated 1.2% drop. November marked the eighth consecutive month of reduced industrial activity in the country, primarily driven by decreases in manufacturing, which fell by 2.2% compared to 1.2% in October, and in mining and quarrying, which decreased by 1% versus a 0.7% decline previously. Conversely, construction output rose by 3.7%, up from 2.6%, and utilities experienced a 1.4% increase, albeit slightly down from a 1.9% rise. In terms of seasonally adjusted monthly figures, industrial output saw an improvement of 0.6% in November, following a revised 0.9% increase, surpassing analysts' expectations of no change.