*Mexico’s national statistics institute (Inegi) has reported a 1.1% fall in industrial activity in January 2026 compared with December 2025. This follows a 0.1% increase in December, a 0.6% increase in November, and 0.8% rise in October. The monthly decrease in Inegi’s index of industrial activity (Imai) was driven by a fall of -1.9% in utilities (electricity generation and transmission, provision of water and gas), while mining, construction, and manufacturing were all down by 1.1%. In yearly terms the Imai was down 0.1%, following a rise of 1.3% in December, a decline of -0.1% in November, and a decline of -0.5% in October. Year-on-year, manufacturing was down 1.7% but construction was up 5.0%, utilities by 0.6%, and mining by 1.0%.
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