The seasonally adjusted manufacturing confidence index in Mexico declined to 35.2 in May 2020 from a downwardly revised 37 in the previous month. It was the lowest reading since February 2009, amid the coronavirus crisis. Sentiment deteriorated regarding the country's situation (28 from 31.3 in April); the company’s situation (37 from 40.8); and investment (17 from 18.6). In addition, expectations over the country's future economic situation (42.5 from 42.7); and the company’s future situation (50.7 vs 51) weakened.
Business Confidence in Mexico averaged 51.59 points from 2004 until 2020, 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 June of 2020. source: Instituto Nacional de Estadística y Geografía (INEGI)
Business Confidence in Mexico is expected to be 30.00 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 50.00 in 12 months time. In the long-term, the Mexico Business Confidence is projected to trend around 51.00 points in 2021 and 52.00 points in 2022, according to our econometric models.