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Home Economy

Manufacturing industry output falls in December, says Inegi

Hours worked also decreased on a monthly basis; wages and personnel employed remained unchanged over the period.

T21 Media by T21 Media
17 February, 2025
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According to the Monthly Survey of the Manufacturing Industry (EMIM) , published this Monday by the  National Institute of Statistics and Geography (Inegi) , in December 2024 the physical volume of production of the manufacturing industry registered a monthly drop of 1.5% , and the annual rate showed an increase of  0.2 percent .

At the end of 2024, the survey also indicated that the number of employed personnel remained unchanged on a monthly basis and that, by type of contract, the personnel dependent on the company did not register any variation, while the non-dependent personnel – those hired and provided by another company, and this is done on the basis of fees or commissions, so they do not have a fixed salary – decreased by 4.8 percent .

In that month,  hours worked  showed a monthly decrease of  0.8% , while  average real remunerations paid  (wages, salaries and social benefits) in the manufacturing sector did not register a monthly variation .

In the last month of last year, the hours worked by employees dependent on the company decreased by 0.7% and those of non-dependent employees fell by 4.7% monthly.

Regarding the variation in the indicators of the manufacturing sector and by subsector, the tanning and finishing of leather and skin , and the manufacturing of leather , skin and substitute materials products , was the industry that had the largest drop in the physical volume of production, with an annual variation of 13.9% , and also registered a decrease in employed personnel of  6.7% in December 2024.

Other components that reported the largest declines at the end of last year in terms of production were the manufacture of textile products , as well as the manufacture of clothing , with declines of 8.3% and 4.8% , respectively.

In this sense, the Mexican textile industry has been one of the most affected by the unfair practices of some foreign companies that offer undervalued products through temporary imports, which is why the president of Mexico, Claudia Sheinbaum , signed a decree last December to increase tariffs on manufactured goods by 35%  , in order to protect this sector.

According to the EMIM results, production and hours worked registered monthly declines last December, while employed personnel and wages remained unchanged at a monthly rate in said period, which anticipates a panorama of what could happen for the rest of 2025 in this indicator, which has to do with the labor issue, and which will be one of the points that will be put on the table in the next review of the Treaty between Mexico, the United States and Canada (T-MEC)  in 2026.

The EMIM reveals the behavior of the main variables associated with employment in the manufacturing sector, and captures quantitative information on employed personnel dependent on the company name, employed personnel not dependent on the company name, remunerations, among other indicators, according to Inegi.

Comment and follow us on X:   @GrupoT21

Tags: Claudia SheinbaumEMIMINEGIMONTHLY SURVEY OF THE MANUFACTURING INDUSTRYTEXTILE INDUSTRY

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