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.

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Mexico Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
35.20 37.00 58.70 34.00 2004 - 2020 points Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-03-02 12:00 PM Feb 47.6 48.4 48
2020-04-01 12:00 PM Mar 44.4 47.1 41
2020-05-04 11:00 AM Apr 37.4 43.5 38
2020-06-01 11:00 AM May 35.2 37 33
2020-07-01 11:00 AM Jun 35.2 32
2020-07-31 11:00 AM Jul
2020-09-02 11:00 AM Aug
2020-10-01 11:00 AM Sep 40
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Mexico Business Morale Drops to Over 11-Year Low
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.
2020-06-01
Mexico Business Sentiment Weakest since 2009
The seasonally adjusted manufacturing confidence index in Mexico dropped to 37.4 in April 2020 from a downwardly revised 43.5 in the previous month. It is the lowest reading since March 2009, as the coronavirus pandemic hit the economy. The current assessment over investment (18.9 vs 30.6 in March); the country's economic situation (31.8 vs 39.8) and the company's situation (40.9 vs 49.3) deteriorated. In addition, expectations regarding the country's economic situation (43.7 vs 46.6) and the company's situation (51.3 vs 53.6) weakened.
2020-05-04
Mexico Business Morale Lowest since 2017
The seasonally adjusted manufacturing confidence index in Mexico fell to 44.4 in March of 2020 from a downwardly revised 47.1 in the prior month, with coronavirus disruptions adding to pre-existent difficulties. This was the lowest reading since February of 2017, as the current assessment over investment (32.2 vs 37.5 in February); the country's economic situation (40.9 vs 43.7) and the company's situation (32.2 vs 37.5) deteriorated further. In addition, prospects regarding the country's economic situation (46.9 vs 49.2) and the company's situation (54 vs 55.7) did not improve.
2020-04-01
Mexico Business Morale Falls to Near 3-Year Low
The seasonally adjusted manufacturing confidence index in Mexico fell to 47.6 in January of 2020 from a downwardly revised 48.4 in the previous month. It was the lowest reading since April 2017, as the current assessment over investment (38.3 vs 39.9 in January); the country's economic situation (44.2 vs 44.9) and the company's situation (49.6 vs 50.7) deteriorated. Also, expectations regarding the country's economic situation (49.2 vs 49.9) and the company's situation (55.2 vs 55.5) weakened.
2020-03-02

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.