The seasonally adjusted manufacturing confidence index in Mexico rose to 38.6 in June 2020 from an upwardly revised 35.5 in the previous month. It was the highest reading in three months amid the easing of coronavirus lockdown restrictions, still remaining well below pre-pandemic levels. Sentiment improved regarding the country's situation (29.9 vs 28.2 in May); the company’s situation (37.6 vs 37); and investment (20.2 vs 17.6). Additionally, expectations over the country's future economic situation (47.9 vs 42.3); and the company’s future situation (56 vs 50.7) strengthened.
Business Confidence in Mexico averaged 51.53 points from 2004 until 2020, reaching an all time high of 58.70 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. Mexico Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Instituto Nacional de Estadística y Geografía (INEGI)
Business Confidence in Mexico is expected to be 39.00 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 48.00 in 12 months time. In the long-term, the Mexico Business Confidence is projected to trend around 51.00 points in 2021 and 52.00 points in 2022, according to our econometric models.