Electronics leads Mexican manufacturing
The Mexican industrial sector ended July of this year with mixed results. While construction led the way in terms of growth within the industrial sector, within manufacturing, activities related to machinery technology and other specialized sectors showed strong momentum. This performance highlights the sectors that continue to grow despite a moderate economic environment.
According to the Monthly Industrial Activity Indicator (IMAI) published by INEGI, industrial activity rose 2.7% compared with July 2025, based on raw data. On a seasonally adjusted basis, growth was 2.4% year-over-year and 0.5% compared with June 2026.
En la comparación anual, la construcción registró el mayor crecimiento, con 7.3%, seguida por minería, con 1.6%; industrias manufactureras, con 1.6%; y la generación, transmisión y distribución de energía eléctrica, suministro de agua y gas natural, con 0.6%
For the manufacturing sector, July saw annual growth of 1.6%. The largest increase was in the manufacture of computer, communication, and measurement equipment, as well as other electronic equipment, components, and accessories, with annual growth of 14.2%. This makes this sector one of the main drivers of growth in Mexican manufacturing, while also highlighting the growing importance of supply chains related to technology, components, and specialized equipment.
It is important to recognize that the electronics and machinery sectors are linked to the most complex industrial supply chains.
July’s results show annual growth of 2.7% for industrial activity, while the January–July cumulative figure barely reaches 0.4%. In the case of manufacturing, the cumulative figure is -0.7%, making July’s progress a moment of respite and signaling a revival in a year that has seen mixed performance across the industry.
This sends a positive signal for manufacturing performance, although the cumulative result means it remains to be seen whether the momentum in sectors such as electronics and machinery can be sustained and contribute to a broader recovery in the industry for the remainder of 2026.
