Although the tariff policy imposed by the United States has been a setback for various industries, Mexican manufacturing activity has shown positive signs since last May, when it increased 0.4% annually.
In June 2025, the Timely Monthly Indicator of Manufacturing Activity (IMOAM) , prepared by the National Institute of Statistics and Geography (INEGI) , anticipated a slight rebound of 0.3% compared to the same month last year.
In the sixth month of 2025, the IMOAM recorded a value of 108.4 points , as an early calculation of this indicator.
With last June’s estimate, the IMOAM would have seen two consecutive months of positive figures, following April’s 2.1 percent decline.
The fluctuation in Mexican manufacturing activity occurs within a complicated global economic context, although BBVA Research estimates indicate that this sector will gradually recover under a scenario of uncertainty resulting from global tariffs.
It is worth remembering that in the first quarter of 2025, Mexico totaled $21.4 billion in Foreign Direct Investment (FDI) , of which 43.2% was concentrated in the manufacturing sector, mainly in the transportation equipment, beverage and tobacco, and chemical industries, among others.
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