The seasonally adjusted manufacturing confidence index in Mexico rose to 48.7 in April of 2021 from an upwardly revised 45.8 in the previous month. It was the highest reading since December of 2019, amid an improvement in expectations regarding the company's future situation (60.2 vs 58.7 in March) and the country's future economic situation (54.2 vs 53.6). In addition, manufacturers' current opinion was more favourable about the company's situation (51.9 vs 47.2), the country's situation (44.5 vs 40) and investment (31.9 vs 28.9). 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 May of 2021.
Business Confidence in Mexico is expected to be 45.00 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 50.40 in 12 months time. 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.