The seasonally adjusted manufacturing confidence index in Mexico fell to 51.2 in June 2019 from 52.4 in the previous month. It was the weakest reading since December, amid a deterioration in the current assessment for investment (46.1 from 48.3 in May); the company's situation (52.7 from 54.2) and the country's economic situation (47.4 from 47.9). Also, expectations regarding both the country’s (52.2 from 53) and the company's situation (57.6 from 59) weakened. Business Confidence in Mexico averaged 51.91 Index Points from 2004 until 2019, reaching an all time high of 58.60 Index Points in February of 2007 and a record low of 34 Index Points in February of 2009.
Business Confidence in Mexico is expected to be 51.90 Index 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 50.20 in 12 months time. In the long-term, the Mexico Business Confidence is projected to trend around 51.00 Index Points in 2020, according to our econometric models.