Publications

Here are all of our publications listed chronologically. You can also find the publications relating to single geography under “Publications by geography” or narrow down your search using the “Advanced filter”.

Latest publications on Manufacturing

Mexico | Mixed Performance in Manufacturing during July

19 August 2025

The BBVA Research Multidimensional Manufacturing Indicator grew 1.2% YoY in July, 0.9 pp above the figure registered the previous month (0.3% YoY); considering the July data, the year-over-year variation of the BBVA Research MMI reaches an average of (-)0.2% in the first seven months of the year (vs -1.5% in 2024).

Mexico | Manufacturing Sluggishness in June

18 July 2025

The BBVA Research Multidimensional Manufacturing Indicator (IMM BBVA Research) grew 0.3% YoY in June, 1.7 percentage points below the previous month's figure (2.0% YoY)

Mexico | Higher variance of manufacturing output in May

20 June 2025

The BBVA Research Multidimensional Manufacturing Indicator grew 2.0% YoY in May, bringing the average year-over-year growth variance for the first five months of the year to 5.0% (vs. 1.0% in the same period last year).

Mexico | Manufacturing improves in 1Q25 due to early orders amid potential tariffs

25 April 2025

The BBVA Research Multidimensional Manufacturing Indicator recorded a (-)0.4% YoY change in March, unchanged from the figure observed in February.

Mexico | Manufacturing shows signs of improvement in February; tariff risks remain

31 March 2025

The BBVA Research Multidimensional Manufacturing Indicator fell (-)0.4% YoY in February, the smallest contraction since March 2024

Mexico | Manufacturing will recover, but gradually and with uncertainty along the way

24 February 2025

The BBVA Research Multidimensional Manufacturing Indicator (BBVA MMI) decreased (-)4.8% YoY in January, the tenth consecutive drop since April

Mexico | Slow manufacturing momentum in December; potential risks from tariffs

23 January 2025

The BBVA Research Multidimensional Manufacturing Indicator fell (-)3.3% YoY in December, the ninth consecutive decline since April; considering the December data, the year-on-year change averages (-)2.6% in 2024, 2.7 pp below the figure observed the previous year.

Mexico | Manufacturing weakness extends into November

19 December 2024

The BBVA Research Multidimensional Manufacturing Indicator fell (-)3.6% YoY in November, the eighth consecutive decline since April

Mexico | Manufacturing slows in October; impact of hurricanes and strikes in the US

22 November 2024

The BBVA Research Multidimensional Manufacturing Indicator fell (-)4.1% YoY in October, after the improvement recorded in the previous month; the year-on-year variation averages (-)2.8% for the first ten months of the year, 2.8 pp below the figure observed in the same period of the previous year.

Mexico | Manufacturing slowdown moderates in September

21 October 2024

The BBVA Research Multidimensional Manufacturing Indicator fell (-)2.2% YoY in September, the ninth consecutive decline so far this year, but less than the contraction registered in August

Mexico | Manufacturing sluggishness extends into 3Q24

26 September 2024

The BBVA Multidimensional Manufacturing Indicator (MMI) fell (-)3.1% YoY in August (the eighth consecutive drop so far this year), confirming the slow dynamism of the sector so far in 2024.

Mexico | Weak manufacturing performance in July; the slowdown would extend to 2H24

20 August 2024

The BBVA Research Multidimensional Manufacturing Indicator fell (-)2.7% YoY in July (the seventh consecutive drop so far this year), pointing towards a gloomy outlook for 2H24

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