FX.co ★ Mexico Economic Activity Contracts Sharply in April

In April 2025, Mexico experienced a 1.5% year-on-year decline in economic activity, a stark contrast to the 2.5% growth noted in March. This marks the most significant downturn since February 2021. However, the decrease was not as severe as market analysts had predicted, as they anticipated a 2% drop. The most pronounced declines were observed in wholesale trade, which fell by 8.1%, mining at a 7.7% decrease, and construction down by 6.8%. Conversely, notable increases were seen in sectors such as business support services, waste management, and remediation, which saw an 8.7% rise, along with professional, scientific, and technical services improving by 7.9%, and cultural, sports, and leisure services growing by 7.5%. Adjusted for seasonal variations, economic activity increased by 0.5% on a monthly basis.