In January 2025, Mexican industrial activity showed weak performance, falling 0.4% monthly, marking four months of decline, the National Institute of Statistics and Geography (INEGI) reported Thursday .
According to the Monthly Industrial Activity Indicator (IMAI) , which allows us to know and monitor the evolution of industrial activity in Mexico, the annual rate decreased by 2.8 percent .
This contraction in the country’s industrial activity in January 2025 was due to a decline in three of the four components that make up the IMAI, the agency revealed.
In this regard, the sector of generation, transmission, distribution and marketing of electric energy, water supply and natural gas supply through pipelines to the final consumer decreased by 0.8% , and manufacturing industries registered a decrease of 0.3% , both at a monthly rate.
Meanwhile, mining saw the biggest decline during the period, falling 1.8% monthly . The only activity that showed an increase was construction, with a monthly increase of 0.1% .
In its annual comparison, in January 2025, construction fell 6.4 percent ; mining, 8.6 percent ; and manufacturing, 0.9 percent . Generation, transmission, distribution, and marketing of electric power, water supply, and natural gas pipelines to end consumers grew 1.0 percent .
According to data from the National Institute of Statistics and Geography (INEGI), manufacturing experienced declines in 13 of its 21 pillars in the first month of this year. Regarding construction, the most significant decline during the period was in civil engineering projects.
Meanwhile, mining showed a downward trend in industrial activity during that period. This sector is currently in the crosshairs of the United States, which has imposed 25% tariffs on steel and aluminum imported from around the world to the United States, affecting various Mexican industries, such as the automotive industry.
In response, at his morning press conference this Thursday, Marcelo Ebrard , head of Mexico’s Ministry of Economy , described the measure as a “bad idea” that will have a global impact, and announced that on March 14th they will begin consultations with the steel and aluminum industries, as well as with other affected sectors, such as the automotive sector, to analyze the measures to be taken and review tariffs.
Comment and follow us on X: @GrupoT21
