In March 2025, the physical volume of manufacturing production decreased 2% compared to last February and also had an annual rate decrease of 1.5%, according to the results of the Monthly Survey of the Manufacturing Industry (EMIM) of the National Institute of Statistics and Geography (INEGI) .
Following the 2.6% monthly increase in manufacturing activity in the second month of the year, the March EMIM slowed, as anticipated by the Monthly Industrial Activity Indicator (IMAI) .
According to the agency, the number of employees in the manufacturing industry decreased by 0.1% monthly in the third month of the year. By type of employment, employees employed by the company also decreased by 0.1%, while non-employees —those hired and provided by another company and employed on a fee or commission basis, meaning they do not have a fixed salary—decreased by 1.3%.
Hours worked showed a monthly decrease of 0.7%, while average real wages paid , i.e., salaries, wages, and social benefits, also registered a decrease of 0.2% compared to the previous month.
By subsector, petroleum and coal products manufacturing saw the largest decline, down 10.7% year-on-year. This was followed by leather and fur tanning and finishing, and leather, fur, and substitute product manufacturing, with a 4.4% annual decline.
These figures come in the context of a tariff war by the United States against several countries , which was put on hold for 90 days.
According to CIAL Dun & Bradstreet , the Mexican economy is facing a complex situation, characterized by stagnant productive activity and a slowdown in employment.
The firm specializing in offering technological solutions and data considered that this stems from local factors such as the elimination of autonomous bodies and reforms to the Judiciary , as well as external reasons such as the uncertainty generated by the United States tariff policy .
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