Economic activity last November is believed to have fallen due to a decline in secondary activities, following the setback it also experienced in October 2025

The Timely Indicator of Economic Activity (IOAE) , prepared by the  National Institute of Statistics and Geography (Inegi) , anticipated a 0.2% monthly decline in Mexican economic activity in the penultimate month of 2025. On an annual basis, the IOAE would remain unchanged.

By economic activity groups, an annual decrease of 1.5% is expected in secondary activities (manufacturing and construction), and an increase of 0.8% in tertiary activities, which include services such as trade, transport and storage, communications, education and health.

On a monthly basis, a 0.2% decrease is anticipated in the  Global Indicator of Economic Activity (IGAE) . A 0.3% decline is projected for secondary activities and a 0.1% decline for tertiary activities by November of this year.

According to estimates from the Economic Commission for Latin America and the Caribbean (ECLAC) , the country’s Gross Domestic Product (GDP) would barely grow 0.4% in 2025 , due to tariff uncertainty, weak domestic consumption and a drop in investment.

In presenting the  Preliminary Overview of the Economies of Latin America and the Caribbean 2025 , the organization also projected that  the Mexican economy could grow 1.3% in 2026 , due to factors such as greater trade certainty, as well as the possible ratification of the  United States-Mexico-Canada Agreement (USMCA)  and the positive effects of the World Cup on tourism.

Comment and follow us on X:  @GrupoT21

El cargo Mexico’s economic activity declines in November apareció primero en T21.

In September 2025, the  Timely Indicator of Economic Activity (IOAE) , prepared by the  National Institute of Statistics and Geography (INEGI) , anticipated an annual decline of 0.6% in the Mexican economy , resulting from a slowdown in secondary activities, such as manufacturing.

“The IOAE provides timely econometric estimates of the evolution of the Global Indicator of Economic Activity (IGAE), as well as secondary and tertiary activities,” INEGI explained.

In its monthly measurement, the IOAE would have shown a positive figure, registering an increase of 0.1%  in the ninth month of the year .

By economic activity group , a 3% annual decline is expected  in secondary industries , which include manufacturing and construction.

In  tertiary activities , which include services such as trade,  transportation and storage , communications, education and health, an  annual growth of 0.8% is estimated .

Inegi also anticipated an annual decrease of 0.6% in the IGAE for September .

On a monthly basis, a 0.1% increase was projected in the IGAE , as well as in secondary and tertiary activities for the reference month.

The decline in the country’s economic activity last September shows signs of a contraction in the performance of key sectors such as manufacturing, which has been affected by a drop in external demand amid an aggressive tariff policy.

Comment and follow us on X:  @GrupoT21

El cargo Amid tariffs, Mexican economic activity weakens in September apareció primero en T21.