The seasonally adjusted manufacturing confidence index in Mexico fell to 49.5 in July 2019 from a downwardly revised 50.7 in the prior month. It was the worst reading since June 2018, amid a deterioration in the current assessment for investment (42.5 from 44.3 in June); the country's situation (45.9 from 46.9) and the company´s situation (52.9 from 53.0). Also, expectations for the country's situation (50.8 from 52.1) weakened, while those regarding the company´s situation were unchanged (at 57.8). Business Confidence in Mexico averaged 51.90 Index Points from 2004 until 2019, reaching an all time high of 58.60 Index Points in February of 2007 and a record low of 34 Index Points in February of 2009.
Business Confidence in Mexico is expected to be 50.50 Index 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 50.50 in 12 months time. In the long-term, the Mexico Business Confidence is projected to trend around 51.00 Index Points in 2020, according to our econometric models.