The seasonally adjusted manufacturing confidence index in Mexico was at 51.2 in September of 2021, slightly below the downwardly revised 51.3 in the previous month. It was the lowest reading in 4 months, but the fifth month in which the survey indicates overall optimism. Manufacturers displayed slightly lower confidence in their firm’s future economic situation (60 vs 60.1 in August) and further pessimism about current investments (36.2 vs 37.6). At the same time, manufacturing businesses recorded improvements for Mexico’s economic future (55.9 vs 55.2) and current economic situation (50.7 vs 49.1), in addition to their own firms’ current situation (54 vs 53.6). source: Instituto Nacional de Estadística y Geografía (INEGI)
Business Confidence in Mexico averaged 51.11 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 October of 2021.
Business Confidence in Mexico is expected to be 49.00 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.