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.

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Mexico Business Confidence


Calendar GMT Actual Previous Consensus TEForecast
2021-09-01 11:00 AM Aug 51.4 51.5 51
2021-10-01 11:00 AM Sep 51.2 51.3 51
2021-11-01 12:00 PM Oct 51.2 52


News Stream
Mexico Business Morale Eases Further in September
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).
2021-10-01
Mexico Business Morale Moderates Further in August
The seasonally adjusted manufacturing confidence index in Mexico inched down to 51.4 in August of 2021 from a downwardly revised 51.5 in the prior month, amid a moderation in business environment conditions. It was the lowest reading in three months, as manufacturers were less optimistic regarding current investments (37.1 from 38.4 in July) and their businesses’ future financial situation (60.2 from 61.0). There was a slight deterioration in the current assessment of the country's situation (49.4 from 49.7). Lastly, goods producers were slightly less confident about their companies’ present situation (53.9 from 54.1) and the country's future economic situation (55.6 from 55.8).
2021-09-01
Mexico Business Morale Drops in July
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.
2021-08-02

Mexico Last Unit Reference Previous Highest Lowest
Business Confidence 51.20 points Sep/21 51.30 58.70 34.00
Industrial Production Mom 0.40 percent Aug/21 1.10 19.20 -25.90
Industrial Production 5.50 percent Aug/21 7.30 36.50 -30.43
Manufacturing Production 6.60 percent Aug/21 6.19 51.96 -36.90
Capacity Utilization 77.80 percent Jul/21 78.80 82.50 45.20
Changes in Inventories 93366.00 MXN Million Jun/21 129884.00 284522.00 49271.00
Total Vehicle Sales 38569.00 Units Sep/21 40533.00 127604.00 6318.00
Car Registrations 38569.00 Sep/21 40533.00 127604.00 6318.00
Car Production 208.09 Thousand Units Sep/21 237.04 381.99 3.72
Private Investment 15.70 percent Jul/21 16.90 46.50 -41.90


Mexico Business Confidence
In Mexico, the Monthly Survey of Business Opinion (EMOE) measures the expectations of business executives regarding production, capacity utilization, employment and inventories, in the short, medium and long run. The survey also trials the expectations concerning the general economic environment and how it may affect business activity. The EMOE has a national coverage and it is measured on a scale of 0 to 100, where levels above 50 indicate optimism, 50 neutrality and below 50 pessimism.