The seasonally adjusted manufacturing confidence index in Mexico edged down to 51.8 in July of 2021 from a downwardly revised 52 in June, which was the strongest reading since May of 2019. There was a slight deterioration in the current assessment of the country's situation (50.2 vs 50.4 in June). This was despite a better opinion about the company's present situation (54.4 vs 54.1) and investment (38.9 vs 38.5). Meanwhile, expectations regarding the company's future situation (61.1 vs 60.5) and the country's future economic situation (56.5 vs 55.8) continued to improve. source: Instituto Nacional de Estadística y Geografía (INEGI)
Business Confidence in Mexico averaged 51.12 points from 2004 until 2021, 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 August of 2021.
Business Confidence in Mexico is expected to be 50.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mexico Business Confidence is projected to trend around 51.00 points in 2022 and 52.00 points in 2023, according to our econometric models.