Overview
- Deloitte’s Monitor, published in June 2026, found that of $261 billion announced between January 2023 and March 2026 only 12.7% is in operation while 51.2% is in construction and 36.1% remains at the announcement stage.
- Weak domestic demand is visible in official data as Mexico’s GDP contracted 0.6% in the first quarter of 2026, a decline that analysts link to the slow roll‑out of planned projects.
- Foreign direct investment flows showed limited new capital in Q1 2026 with Banxico reporting $23,591 million of FDI and only 7% classified as new investment.
- Analysts and the OECD point to U.S. tariff measures since January 2025, uncertainty over the T‑MEC review, judicial and regulatory changes, energy availability concerns, and insecurity as the main reasons investors are delaying or pausing projects.
- Most announced funds are concentrated in a few areas — 77% in food, beverages and tobacco, 10.7% in autos and 6.2% in energy — a concentration that raises doubts about job creation, productivity gains and Mexico’s ability to capture nearshoring opportunities while projects remain stalled.