After the rebound shown last March, manufacturing orders fell in April 2026, both on a monthly and annual basis, the National Institute of Statistics and Geography (Inegi) and the Bank of Mexico (Banxico) announced this Monday .
During the period, the Manufacturing Orders Indicator (IPM) stood at 50.6 units , which meant a monthly decline of 0.6 points in April of this year, compared to the previous month.
The IPM, which presents the expectations and perception of business executives on the performance of the manufacturing sector in Mexico, also registered a negative figure in its annual measurement, with a decrease of 0.2 units .
Within the IPM, a monthly drop was shown in the production component , with a decline of 3.7 units in April 2026 compared to last March.
Conversely, raw material inventories increased by 2.3 points, and orders rose by 0.3 units. Total employment and on-time delivery of raw materials from suppliers remained unchanged month-over-month.
On an annual basis, production, total employment, and timeliness of supplier deliveries declined by 5.1, 0.6, and 0.5 points, respectively. Meanwhile, orders increased by 3.7 units, and raw material inventories rose by 1.1 points during the cycle.
By subsector groups that make up the IPM, those showing the greatest year-on-year declines were petroleum and coal derivatives, the chemical industry, and the plastics and rubber industry , with 6.7 points. This was followed by food, beverages, and tobacco , with 1.1 points.
Those that registered year-on-year increases were computer equipment, electronic accessories and electrical appliances , with 6.8 units; transport equipment , with 2.6 points; textiles, clothing, leather and hides, wood, paper and other industries , with 2.4 points; metal products, machinery, equipment and furniture , with 2.1 units; and non-metallic minerals and basic metals , with 1.6 points.
According to Banxico, knowing the Manufacturing Orders Indicator is crucial because it provides a preview of economic activity in Mexico.
“An increase in the MPI suggests that companies are receiving more orders and producing more, which can have a positive impact on the economy and investor confidence,” he explained. However, a decrease may indicate a decline in economic activity, which would affect product availability in the market and consumer prices.
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