Overview and Relevance of Nuevo León
Nuevo León, a Mexican state known for its robust industrial sector, experienced a 2.0% annual economic growth in the first quarter of 2025, according to the Indicador Trimestral de la Actividad Económica Estatal (ITAEE) by Inegi. This growth was driven by advancements in primary activities (15.1%), secondary activities (3.2%), and tertiary activities (1.1%).
The ITAEE offers a preliminary outlook on the economic evolution of federal entities and predicts the trend for the Producto Interno Bruto por Entidad Federativa (PIBE), as stated by Inegi.
With this growth, Nuevo León ranked 11th nationally and contributed 0.16 percentage points to the country’s overall growth.
Decreased Industrial Momentum
Despite being a leading manufacturer, the growth in secondary activities stood at 3.2%, placing Nuevo León 13th nationally. This is attributed to factors such as reliance on external demand, uncertainty over tariffs, and logistical constraints in the supply chain.
Secondary activities encompass sectors like mining, manufacturing, construction, and electricity generation.
Meanwhile, tertiary activities, which include distribution, financial, professional, recreational, and governmental services, grew by only 1.1% annually, positioning the state at 15th nationally.
According to the Centro de Inteligencia Económica (CIE) of Canaco Monterrey, this moderate performance is a result of an economically cautious environment, influenced by persistent inflation, interest rate changes, currency fluctuations, and increased informality. This has led to reduced sales due to decreased household spending and service demand.
Regional Comparison
At a regional level, the northern region of the country, including Nuevo León, maintained its leadership with a 28.2% contribution to the national economic activity, adding 0.36 percentage points to the ITAEE growth.
However, the centro-norte region, with a lower contribution of 19.0%, managed a slightly higher impact of 0.37 percentage points. This reflects increased dynamism in Bajío and central states, driven by the Plan México, which has fostered new industrial investments.
Key Questions and Answers
- What is the overall economic growth rate of Nuevo León in Q1 2025? The economic growth rate of Nuevo León in the first quarter of 2025 is 2.0%.
- Why did Nuevo León’s industrial growth slow despite being a manufacturing leader? The slowdown in Nuevo León’s industrial growth is due to factors such as dependence on external demand, tariff uncertainty, and supply chain logistical issues.
- How did tertiary activities perform in Nuevo León during this period? Tertiary activities, including services, grew by only 1.1% annually in Nuevo León.
- What regional factors influenced Nuevo León’s economic performance? Persistent inflation, interest rate changes, currency fluctuations, and increased informality contributed to Nuevo León’s cautious economic environment.
- How did Nuevo León compare regionally in terms of economic contribution? Although Nuevo León led with a 28.2% contribution, the centro-norte region managed a slightly higher impact of 0.37 percentage points, indicating increased dynamism in central states.
