New data shows Mexico’s economy grew in February despite trade uncertainty

Mexico experienced economical maturation of 1% successful February compared to January, according to information released by nationalist statistic bureau INEGI, ending 2 months of antagonistic maturation that contributed to fears of recession.

INEGI’s information indicates a mixed show for Mexico’s economy, with month-on-month maturation — led by 2.9% summation successful concern accumulation — offset by year-on-year contraction.

Surpassing analysts’ expectations of 0.6% growth, INEGI’s planetary economical enactment scale (IGAE) indicated 1% month-on-month growth. However, compared to the aforesaid period past twelvemonth the Mexican system shrank 0.7% successful existent terms, IGAE information showed.

Still, the 1% maturation compared to January was Mexico’s champion month-on-month show since April 2023 erstwhile INEGI reported 1.7% growth.

While operation (2.8%) and manufacturing (2.9%) grew month-on-month, maturation was little affirmative year-on-year — operation up conscionable 0.5%; manufacturing up 1.8%.

Trade turmoil related to U.S. tariffs besides impacted the IGAE numbers, arsenic commercialized tensions ramped up successful February. U.S. President Donald Trump applied 25% tariffs connected each Mexican imports connected Feb. 1. He past added 25% tariffs connected alloy and aluminum imports connected Feb. 11.

As tariffs took effect successful February, Mexican exports fell. (Shutterstock)

The interaction tin beryllium seen successful the three-month moving mean of exports, an indicator that calculates the mean worth of exports implicit a circumstantial period. It helps creaseless retired short-term fluctuations and item underlying trends.

Mexico’s three-month moving mean of full exports fell 0.8% successful February, according to information compiled by the Federal Reserve Bank of Dallas. The manufacturing sector, which accounts for a ample stock of exports, declined 0.6%, and lipid exports fell 5.7%.

At the aforesaid time, the three-month moving mean of Mexico’s concern production, which includes lipid and state extraction successful summation to operation and manufacturing, ticked up a specified 0.1% successful February aft contracting 0.7% successful January.

INEGI reported that superior activities including fishing, stock-raising and agriculture precocious 1% month-on-month, but were down 4.3% year-on-year.

Tertiary activities, oregon the work sector, experienced 0.6% maturation arsenic compared to January 2025 and was up 1% implicit February 2024, led by recreational, taste and sporting activities which grew by 5.4%. Professional, technological and method services climbed 4.1%.

With reports from La Jornada, El Financiero and El Economista