Due to zero growth in the manufacturing sector, Mexican economic activity would have stagnated in October 2025, following the decline observed last September.
The Timely Indicator of Economic Activity (IOAE) , prepared by the National Institute of Statistics and Geography (Inegi) , anticipated that there were no changes in Mexican economic activity in the tenth month of the year, both on a monthly and annual basis.
By economic activity groups , an annual decrease of 2.1% is expected in secondary activities – made up of manufacturing and construction – and an increase of 0.9% in tertiary activities, which include services such as trade, transport and storage, communications, education and health.
In its monthly measurement, the Global Indicator of Economic Activity (IGAE) also remains unchanged. A 0.1% increase is projected for secondary activities, while a 0.2% decrease is expected for tertiary activities in October of this year.
The stagnation of the Mexican economy in October occurred in a context of constant tariff changes worldwide; however, projections from international organizations, such as the World Bank , have improved the growth estimate for Mexico.
According to the organization’s forecasts, the Mexican economy would grow by 0.5% in 2025, driven by domestic consumption.
“The IOAE is a statistical tool that allows us to anticipate the behavior of the IGAE, as well as secondary and tertiary activities, up to five weeks in advance,” according to Inegi.
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