FX.co ★ Mexico’s Industrial Output Slips into Contraction in May, Ending Growth Streak

Mexico’s industrial production fell back into negative territory in May 2026, posting a year-over-year decline of 0.7%, according to data updated on 10 July 2026. The reading marks a sharp reversal from April 2026, when industrial output had grown 2.3% compared with the same month a year earlier.

The figures are based on a year-over-year comparison, with May’s performance measured against May of the previous year and April’s result against April a year earlier. The shift from solid growth in April to contraction in May suggests a loss of momentum in Mexico’s industrial sector as the second quarter of 2026 progresses.

Analysts will be watching upcoming releases closely to determine whether May’s negative reading reflects a temporary setback or the onset of a more prolonged industrial slowdown in Latin America’s second-largest economy.