Due to widespread weakness across all sectors, but with a steeper downward trend in construction, Mexico’s industrial production fell 0.8% in May 2026 compared to April , when it registered a monthly increase of 2.1%, reported the National Institute of Statistics and Geography (Inegi) .
This result represented the third decline so far this year in the Monthly Indicator of Industrial Activity (IMAI), which stood at a level of 101.6 last May.
According to the agency’s figures, all four components of the IMAI performed negatively in the fifth month of the year, with construction showing the largest drop at 3.7% compared to April 2026.
Generation, transmission, distribution and marketing of electricity, water supply and natural gas by pipeline to the end consumer decreased by 0.5%; while mining and manufacturing industries each declined by 0.1% during May of this year on a monthly basis.
In its annual measurement, Mexican industrial activity also showed no encouraging figures, as it stagnated with no variation in the fifth month of 2026.
Within the indicator, the generation, transmission, distribution and marketing of electricity, water supply and natural gas by pipeline to the final consumer was the one that fell the most (-0.8%) at an annual rate.
Construction and manufacturing industries registered a decline of 0.6% and 0.5%, respectively, in May of this year compared to the same month in 2025.
The only sector that showed a positive figure on an annual basis was mining, with a 4 percent increase in its activity.
The IMAI results reflect the weakness of the Mexican economy, which fell 0.6% in the first quarter of 2026. This is compounded by external factors, such as the conflict in the Middle East and the constant changes in the United States’ economic policy, which have increased the prices of various essential inputs for different industries.
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