UK and Mexico industrial data diverge as Mexican peso strengthens

  • UK industrial production rose 0.2% month-on-month and 0.6% year-on-year in July 2026, while Mexico’s increased 0.5% and 2.7%, respectively.
  • Mexico’s annual industrial-production growth exceeded the 1.8% forecast and was its strongest since April 2024; gross fixed investment rose 7.7% in June against a 4.8% forecast.
  • UK manufacturing increased 0.9% monthly, while Mexico’s manufacturing and construction output rose 1.6% and 7.3%; the peso strengthened near 16.98 per dollar as Banxico held rates at 6.50%.

UK industrial production rose 0.2% month-on-month and 0.6% year-on-year in July 2026, beating forecasts and rebounding from June declines. Mexico’s industrial production increased 0.5% month-on-month and 2.7% year-on-year, its strongest annual growth since April 2024, while gross fixed investment rose 7.7% in June. The stronger Mexican data supported the peso near 16.98 per U.S. dollar, close to its more than two-year high of 16.91 reached on September 4, although expectations of a September Federal Reserve rate increase supported the dollar and could narrow the U.S.-Mexico interest-rate differential. Banxico kept its key rate at 6.50%.

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