Mexico's Industrial Output Stumbles as Construction Slips

Construction led the downturn with a 3.7% decline, while utility services dropped 0.5%. Both mining and manufacturing sectors edged downward by 0.1%. Despite the general slump, specific manufacturing pockets showed resilience; production of computers and electronic equipment climbed 1.6%, and the automotive sector recorded a 0.3% increase in output.

Within the mining industry, performance was uneven. Oil and gas production remained stagnant, while mineral extraction fell 1.8%. These losses were partially offset by a 6.2% rise in mining-related services. On an unadjusted basis, industrial production sits 0.7% lower than in May 2025, bringing the cumulative output for the first five months of the year to 0.4% below the same period a year ago.