Mexico’s construction sector grew 6.9% year-over-year in June 2026, but regional performance remains uneven, with some states accelerating while others continue to shrink.
The National Survey of Construction Firms by Mexico’s national statistics agency shows a 0.1% monthly rise in production value, adjusted for seasonal changes. Nationally, the sector is expanding, but employment and hours worked grew only 0.9% and 1.0%, respectively, over the same period.
When seasonal adjustments are removed, Mexico’s construction output climbed 8.0% annually. The discrepancy highlights a key issue: mixing national desegregated data with raw state-level figures can distort the picture. The national trend masks deeper regional divides.
Some states saw sharp gains. Querétaro led with a 57.9% annual increase in production, while Tabasco rose 94.5%—though Hidalgo’s 164.5% jump may reflect low baseline effects or isolated projects. Mexico City grew 15.5%, with employment and hours worked up 21.9% and 27.3%, respectively. Beyond these, El Estado de México registered a 65.4% surge in production value, and Veracruz advanced 43.8%, illustrating concentrated growth in central and southern regions.
Guanajuato and Puebla also showed strength, though none of these figures guarantee sustained demand or long-term growth. In contrast, northern and tourist-dependent states lagged. Jalisco fell 12.5%, Nuevo León dropped 6.6%, and Chihuahua shrank 35.9%. Quintana Roo disminuyó 20.3% and Baja California Sur, 13.0%. Coahuila’s decline of 24.2% further shows the unevenness across northern economies. These drops suggest weak demand for commercial or hospitality projects.
Even within struggling states, the data tells a mixed story: Jalisco’s workforce grew 5.8% despite production falling, while Nuevo León’s employment rose slightly as output declined. Jalisco’s hours worked increased by 3.5% during the same period, revealing resilience in labor metrics even amid contraction. The survey’s limitations are clear. It tracks formal businesses, not informal or self-built construction, and doesn’t break down projects by sector, housing, industry, or infrastructure, without deeper analysis.
For investors, it offers a broad signal, not a full market picture. Mexico’s construction recovery is real but fragmented. While Querétaro, Mexico City, and Veracruz show momentum, northern states and tourist hubs need closer scrutiny before assuming stability. The June data map confirms this uneven recovery, with Guanajuato’s 29.1% production rise and Puebla’s 9.4% gain contrasting starkly against declines in the north and coastal regions. The next survey update is scheduled for September 24.