FX.co ★ Mexico’s Industrial Output Growth Cools Sharply to 1.3% in September

Mexico’s industrial production growth slowed markedly in September 2026, with year-over-year output rising 1.3%, down from a 3.5% increase recorded in August 2026.

The latest data, updated on 11 November 2026, highlight a clear loss of momentum in the country’s industrial sector. On a year-over-year basis, the September figure means that while industrial activity is still expanding, it is doing so at a much weaker pace than in the previous month when compared to the same period a year earlier.

The comparison is based on annual changes: August’s 3.5% reading captured the growth in industrial production relative to August of the previous year, whereas September’s 1.3% reflects the change versus September a year ago. The deceleration may raise questions about the durability of Mexico’s industrial recovery and could influence expectations for broader economic performance heading into the final quarter of 2026.