Mexican industrial activity registered a drop of 1.1% during January 2026 compared to December 2025, according to information released this Friday by the National Institute of Statistics and Geography (Inegi) .
According to figures from the Monthly Indicator of Industrial Activity (IMAI), which allows us to know and monitor the evolution of industrial activity in Mexico, industrial operations also declined in their annual measurement, showing a contraction of 0.1% in the reference month.
During the period, declines were recorded in all four components that make up the IMAI, with the generation, transmission, distribution and marketing of electricity, water supply and natural gas by pipeline to the final consumer showing the greatest decline, with a drop of 1.9% on a monthly basis.
Meanwhile, mining, construction, and manufacturing industries each declined by 1.1% compared to December 2025.
On an annual basis, three of the four components of the IMAI registered increases . The construction sector advanced 5%, and mining 1%. Generation, transmission, distribution and marketing of electricity, water supply and natural gas via pipelines to the end consumer rose 0.6%.
Manufacturing industries was the only activity that declined at an annual rate, with a decrease of 1.7% in the period.
According to an analysis by Grupo Financiero Ve por Más (BX+) , Mexican industrial activity experienced its first monthly decline in four observations and the largest since December 2024.
He explained that, with original figures and annual rate, the indicator returned to negative territory after a respite in December, adding nine contractions in the last 10 readings.
“Although some sluggishness may persist for the remainder of the first quarter of 2026, we anticipate that it will subsequently regain some traction,” the institution emphasized.
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