The Timely Indicator of Economic Activity (IOAE), compiled by the National Institute of Statistics and Geography (INEGI) , forecast a 0.7% annual decline in Mexican economic activity in February 2025, reflecting a weakening in the manufacturing and construction industries.
According to the report, the IOAE also estimated a monthly increase of 0.2% in the reference period.
Within economic activities, an annual decline of 2.1% is expected in secondary activities , which include manufacturing and construction, in February 2025.
Meanwhile, tertiary activities, which include services such as commerce, transportation and communications, education, and health, are also expected to increase by 0.4% annually for the second month of this year.
By February 2025, the IOAE estimated that the Global Indicator of Economic Activity (IGAE) will decline 0.7% annually.
In monthly terms, a 0.2% increase is anticipated for the IGAE, as well as for secondary and tertiary activities, for February of this year.
These figures come after the National Consumer Price Index (INPC) , which measures the price variation of a basket of goods and services, stood at 3.77% annually in February, while in January it reached 3.59% at an annual rate, which occurred in a context of inflation.
They also occur in an environment of threat of implementing 25% tariffs , proposed by the President of the United States, Donald Trump , for Mexico, and which is currently paused on those products that are within the Treaty between Mexico, United States and Canada (T-MEC) until April 2.
According to INEGI, the IOAE provides timely econometric estimates of the evolution of the Global Economic Activity Indicator, as well as secondary and tertiary activities.
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