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Home Economy

Inegi forecasts growth in manufacturing activity in March

The agency estimated a 3.5% increase in the sector during the third month of the year.

T21 Media by T21 Media
23 April, 2025
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Despite the uncertainty generated by the United States tariff policy, the Timely Monthly Indicator of Manufacturing Activity (IMOAM)estimated growth of 3.5% in March 2025 compared to the same month last year, according to the National Institute of Statistics and Geography (INEGI) .

According to the agency, for the third month of this year, the IMOAM stood at 111.1 points , which meant an upturn from November 2024, when it slowed 0.18 percent.

The estimate, with a 95% confidence interval, placed the lower limit at 107.9 points and the upper limit at 114.3 points.

According to INEGI (National Institute of Statistics and Geography), the physical volume of manufacturing production increased  2.6% last February  compared to the previous month and also registered an annual increase of  1.4% , after three months of decline.

This upswing in manufacturing activity is significant, as it comes amid uncertainty due to the tariff measures implemented by the current United States administration.

According to BBVA Research estimates , the manufacturing sector will recover, albeit gradually and under the uncertainty generated by the protectionist economic policy of the United States.

The financial institution highlighted that Plan Mexico , which was presented last January by Mexican President Claudia Sheinbaum , is emerging as a key element in mitigating the tariff impact and repositioning the country as an attractive investment destination.

It is worth remembering that on April 2, Donald Trump , President of the United States, announced a series of reciprocal tariffs that would be applied to products entering the United States from several countries; however, on  April 9 , the American president paused the tariffs for  90 days  .

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Tags: BBVA ResearchINEGIMANUFACTURING INDUSTRYTARIFF WARTIMELY MONTHLY INDICATOR OF MANUFACTURING ACTIVITY

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