Overview
- Inegi reported that industrial activity rose 0.5% from June in July 2026 and showed a 2.4% year-on-year increase using seasonally adjusted series.
- The July monthly upturn was driven by construction, which rose 0.9%, and a smaller manufacturing recovery of 0.7%, while mining fell 1.8% and energy, water and gas were flat.
- The January–July 2026 total for the industry is up 0.4%, supported mainly by mining (+3.5%) and construction (+2.8%) while manufacturing remains down 0.7% year to date.
- Some outlets published a differing 2.7% annual figure based on original series, a discrepancy that highlights how seasonal adjustments and reporting choices affect short-term readings.
- Argentina’s July data show sharp industrial and construction declines, illustrating regional divergence and underscoring how trade reviews, tariffs and investment uncertainty could limit a sustained, job-rich recovery in Mexico.