Michoacán, Tlaxcala and Oaxaca showed the best performance in terms of industrial activity by federal entity in September 2024, with growth of 17.9% , 8.7% and 6.7% , respectively, compared to last August, according to information from the National Institute of Statistics and Geography (Inegi) .
According to the Monthly Indicator of Industrial Activity by Federal Entity (IMAIEF) , which provides information on the behavior of industrial activity in the states, Puebla, with an increase of 6.6% and Baja California Sur, with an increase of 6.3% , were also among the entities with optimal performance in their industries during said period.
Compared to September 2023, 13 states showed contractions . Quintana Roo was the state with the largest drop in industrial activity with 63.6% , followed by Campeche with 15.9% , and Tabasco with 7.7 percent .
The other states that showed a decrease were Aguascalientes, Coahuila, Chiapas, Chihuahua, Mexico City, Jalisco, Michoacan, San Luis Potosi, Sinaloa and Tamaulipas.
At an annual rate, in the ninth month of last year, the entities where industrial activity showed the greatest increase were Oaxaca with 14.1% , Guerrero with 11.5% , and Guanajuato with 11.3 percent .
Industrial activity by sectors
According to the Inegi indicator, in September 2024, in the manufacturing industries sector , progress was recorded in Tabasco (15.4%), Guanajuato (10.3%), Tlaxcala (8.9%), Nuevo León (6%), Oaxaca (5.6%) and Puebla (5.6%).
In Construction , the most significant increases in the referred period occurred in Oaxaca (28.8%), Hidalgo (22.2%), Nuevo León (21.3%), Guanajuato (20.7%) and Tlaxcala (19.9%).
In generation , transmission , distribution and marketing of electric energy , water supply and natural gas supply through pipelines to the final consumer, Nayarit (187.5%), Guerrero (21.4%), Michoacán (21.3%) Baja California (17.9%) and Veracruz (13.8%) showed progress in September 2024.
Meanwhile, in the Mining sector , Michoacán (18.4%), Guanajuato (18.1%) and Veracruz (15.4%) were the states with the highest increases in this industry in the ninth month of 2024.
This scenario could reflect what would happen in other industries, which would be affected by the protectionist economic policy that the president-elect of the United States, Donald Trump , plans to implement with the imposition of tariffs on Mexico.
Furthermore, as analysts have noted, in the review of the Treaty between Mexico, the United States and Canada (T-MEC), several of the industries that are analyzed by the Monthly Indicator of Industrial Activity by Federal Entity, such as mining and manufacturing, will be put on the table in order to reach favorable agreements for the three countries of this trade agreement, so it is estimated that it will be a tough negotiation.
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