Mexico's monthly manufacturing production volumes fell by 1.8% in January 2026, marking the second consecutive monthly decrease and the most pronounced since July 2015. This decrease was attributed to weak employment and fewer hours worked in the manufacturing industry. The industrial sector was also down 1.1% month on month. The sharpest annual decline was in the manufacture of textile inputs and finishings (10.4%), with contractions across the apparel and leather goods industries, followed by transportation equipment, and basic metal industries (-8.3%) However, other segments reported increases, with oil and gas production increasing by 4% and coal and petroleum products jumping 18.4% over January 2025. The manufacturing sector, which contributes approximately 20% of Mexico's GDP, had a mixed 2025 with a third-quarter slump before a surge in export revenues driving GDP up by nearly 1%.