Mexico National Market Outlook
Macroeconomic Indicators
- Exchange Rate: The market closed with a downward trend, averaging 18.39 MXN per USD, a significant appreciation compared to the 20+ MXN levels seen in late 2024.
- Inflation: Domestic inflation remains stable at 3.8%, staying within the target threshold of 4.0%.
- Investment: Foreign Direct Investment (FDI) reached its lowest level in three years during the first quarter, with economic pressures expected to slow capital inflows throughout the year.
Industrial Performance
- Manufacturing: This sector continues to be the structural backbone of industrial growth, maintaining steady activity levels.
- Industrial Composition: While industrial growth has slowed—impacted by a weaker mining sector and the cooling of the 2023 construction surge—the market is undergoing an orderly adjustment with activity levels remaining relatively strong.