Mexico experienced economic growth of 1% in February compared to January, according to data published by the National Statistics Agency Inegi, ending two months of negative growth which contributed to Fears of the recession.
Inegi data Indicates a mixed performance for the economy of Mexico, with monthly growth – led by an increase of 2.9% of industrial production – compensated by the annual slip contraction.
Exverting analysts’s expectations of 0.6% growth, the Global Economic Activities (IGAE) index of Inegi indicated growth of 1% per month. However, compared to the same month of last year, the Mexican economy decreased by 0.7% in real terms, showed data from IGAE.
However, growth of 1% compared to January was the best Mexican performance per month since April 2023, when Inegi reported growth of 1.7%.
While construction (2.8%) and manufacturing (2.9%) increased from month to month, growth was less positive in annual sliding – the construction up 0.5%; manufacturing of 1.8%.
Exchange disorders related to American prices Also had an impact on IGAE figures, while trade tensions accelerated in February. President Donald Trump applied 25% of prices on all Mexican imports on February 1. He then added 25% Steel and aluminum import prices on February 11.
The impact can be observed in the three -month mobile average of exports, an indicator which calculates the average value of exports over a specific period. It helps to smooth short-term fluctuations and highlight the underlying trends.
The three -month mobile average from Mexico of total exports fell 0.8% in February, according to data compiled by the Federal Reserve Bank of Dallas. The manufacturing sector, which represents a large share of exports, decreased by 0.6% and oil exports dropped by 5.7%.
At the same time, the three -month mobile average of the industrial production of Mexico, which includes oil and gas extraction in addition to construction and manufacturing, did not succeed at 0.1% in February after having contracted 0.7% in January.
The INEGI indicated that primary activities, including fishing, stock collection and agriculture, had increased by 1% per month, but fell by 4.3% in annual sliding.
Tertiary activities, or the service sector, experienced growth of 0.6% compared to January 2025 and increased by 1% in February 2024, carried out by recreational, cultural and sporting activities which increased by 5.4%. Professional, scientific and technical services climbed 4.1%.
With reports from The day,, The financier And The Economist
