FX.co ★ Mexico’s Industrial Decline Eases in May

In May 2025, Mexico's industrial output experienced a 0.8% decline compared to the previous year, marking an improvement from the steeper 4% drop recorded in April. This performance surpassed market forecasts, which had anticipated a 1.9% contraction. The positive shift can primarily be attributed to a resurgence in the manufacturing sector, which saw a modest increase of 0.5% following a 2.6% decline the month before. The construction sector showed signs of stabilization, registering no growth but recovering from a significant 6.8% decrease in April. Meanwhile, challenges remained in other areas: mining recorded an 8.4% contraction, worsening from April's 4% decline, and utilities decreased by 3.7%, compared to a previous 1.7% drop. Seasonally adjusted figures indicate that industrial production climbed by 0.6% in May, up from 0.2% growth in April.