The Manufacturing Orders Indicator (MPI) registered a monthly reduction of 0.9 points and stood at 49.8 units in July 2025, after having been above 50 points for eight consecutive months, revealed the National Institute of Statistics and Geography (INEGI) .
The IPM figure for the seventh month of the year represents the largest drop in this indicator so far in 2025.
According to the organization, the IPM, which presents the expectations and perceptions of business executives regarding the performance of the manufacturing sector in Mexico, showed an annual increase of one point .
Within it, monthly increases were observed in four of the five components that comprise it.
In the reference month, the orders component registered an increase of 0.3 units. Meanwhile, expected production decreased by 6.2 points, being the only component to register a decrease during the period.
The components of employed personnel and the timeliness of delivery of inputs by suppliers showed increases of 0.3 points and 0.1 units, respectively.
Inventories of inputs also performed well during the seventh month of the year, with a rise of 0.6 percent.
By activity subsector groups, of the aggregates that make up the IPM, those that showed the greatest annual decreases were non-metallic minerals and basic metals , and metal products, machinery, equipment and furniture , each with 1.7 units.
It was followed by food, beverages and tobacco , with a decline of 0.5 units, as well as petroleum and coal derivatives, chemical industry, plastics and rubber , with an annual drop of 0.4 points.
On the other hand, the one that registered the greatest increase on an annual basis was transportation equipment , with 3.5 units.
The decline in manufacturing orders last July stems from weak consumer spending and a challenging economic environment fueled by U.S. protectionist measures.
However, projections have predicted a gradual recovery in the manufacturing industry, as noted by BBVA Research , which estimated that the rebound will occur under the uncertainty caused by the United States’ tariff measures.
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