Overview
- INEGI's April data show Mexico's monthly industrial activity rose 2.1% from March, the biggest monthly jump since early 2021 driven mainly by a 7.6% expansion in construction.
- A 12‑month rolling total of exports to April reached a record $709 billion, reflecting strong external demand and higher shipments to key partners including the United States.
- Tourism numbers were mixed in April with 8.29 million international arrivals and 3.81 million overnight tourists but total tourism receipts fell 2.3% to $2.97 billion and average spending per visitor declined.
- The federal government is highlighting the April figures and projecting extra visitors during World Cup 2026, while promoting a national tourism campaign and estimating more than 10 million visitors in June.
- Analysts caution the recovery is sector specific and faces risks from weak manufacturing and air arrivals, higher aviation fuel costs, local security incidents that deter higher‑spending visitors, and trade‑policy uncertainty.