The seasonally adjusted manufacturing confidence index in Mexico decreased to 48.8 in January of 2020 from a downwardly revised 49.3 in the previous month. It was the lowest reading since May 2017, amid a deterioration in the current assessment over investment (40.6 vs 41.5 in December); the country's economic situation (45.3 vs 45.4) and the company's situation (50.9 vs 51.1). In addition, expectations weakened regarding the country's economic situation (50.1 vs 50.2) and the company's situation (55.7 vs 56.4).
Business Confidence in Mexico averaged 51.82 points from 2004 until 2020, reaching an all time high of 58.60 points in February of 2007 and a record low of 34 points in February of 2009. This page provides the latest reported value for - Mexico Business Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Instituto Nacional de Estadística y Geografía (INEGI)
Business Confidence in Mexico is expected to be 50.20 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Mexico to stand at 51.00 in 12 months time. In the long-term, the Mexico Business Confidence is projected to trend around 51.70 points in 2021, according to our econometric models.