After the drop recorded last February, the Manufacturing Orders Indicator (IPM) showed a rebound of 0.5 points on a monthly basis in March 2026 , the National Institute of Statistics and Geography (Inegi) and the Bank of Mexico (Banxico) announced this Wednesday .
In the third month of the year, the MPI stood at 51.2 units, marking three consecutive months above the 50-point threshold . However, in its annual measurement, the MPI showed a negative result, decreasing by 0.1 units.
Within it, three of the five components that make up the IPM registered declines in the monthly comparison.
In March 2026, raw material inventories fell by 3.9 percentage points compared to February. This was followed by a monthly decrease of 0.9 percentage points in orders . Meanwhile, employment fell by 0.1 percentage points month-over-month during the third month of this year.
Conversely, production showed a monthly increase of six units, and timeliness in the delivery of inputs from suppliers increased by 0.3 monthly points in March 2026.
By subsector, on an annual basis, the one that showed the greatest decrease was petroleum and coal derivatives, the chemical industry, and the plastics and rubber industry , with 2.7 points. Meanwhile, food, beverages, and tobacco saw the largest annual increase, with 2.5 points.
Knowing the results of the IPM is important, as it anticipates the activity of the manufacturing sector , one of the country’s economic engines, which is an attractive industry for foreign capital.
According to the Ministry of Economy , the Foreign Direct Investment (FDI) that the manufacturing sector attracted in 2025 was more than 30% of the total FDI that Mexico received in the cycle, which was 40 billion 871 million dollars .
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