FX.co ★ Mexico Economic Activity Shrinks the Most in Nearly 1 Year

In February 2025, Mexico's economic activity registered a decline of 0.7% compared to the previous year, marking the most significant decrease since March 2024. This followed a stagnant performance in January, yet it was marginally better than the predicted contraction of 0.8%. Several sectors experienced downturns, notably mining, which plummeted by 9.2%, agriculture by 4.1%, animal husbandry and livestock farming by 2.3%, and manufacturing by 0.3%. Conversely, the construction sector showed a modest increase of 0.4%. The services sector saw a 0.3% decline, heavily impacted by a substantial drop in wholesale trade of 8.5% and a 3.7% decrease in transport, mail, and warehousing services. However, significant growth was observed in professional, scientific, and technical services, which surged by 20.6%, alongside a 16.5% rise in business support, waste management, and remediation services. On a month-to-month basis, economic activity increased by 1%.