FX.co ★ Mexico’s Economic Activity Slips in January, Reversing December Gain

Mexico’s economic activity weakened at the start of 2026, with the key indicator falling to -0.90% in January on a month-over-month basis, according to data updated on 24 March 2026. The drop marks a sharp reversal from December 2025, when the indicator showed a modest 0.20% increase compared with the previous month.

The data highlight a clear month-over-month deterioration in momentum: while December’s reading pointed to slight expansion, January’s negative print signals a contraction in activity as the new year began. The comparison is based on changes relative to the immediately preceding month in each case, underscoring a shift from gradual growth to decline within just one reporting period.

This turning point in January will likely draw attention from market participants and policymakers watching for signs of a broader slowdown in Mexico’s short-term economic trajectory, following the modest improvement recorded at the end of 2025.