The seasonally adjusted manufacturing confidence index in Mexico rose to 50.8 in January 2019 from 49.2 in the previous month. It was the strongest reading since August, as expectations increased for the country's economic situation (52.6 from 50 in December) and the company's situation (59.2 from 57.2). Additionally, manufacturer’s assessment improved regarding investment (39.8 from 39.6); the country's economic situation (48 from 46.3); and the company's (53.3 from 52.3). Business Confidence in Mexico averaged 51.18 Index Points from 2004 until 2019, reaching an all time high of 58.10 Index Points in February of 2007 and a record low of 33.70 Index Points in February of 2009.
Business Confidence in Mexico is expected to be 50.30 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 50.40 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.