Mexico’s manufacturing business confidence eased 0.2 points to 48.1 in February 2026, the lowest since March 2021 and the 12th straight month below the 50-point neutral threshold. Investment willingness fell to 34.2 (-0.8), while the outlook for the national economy slipped to 51.9 (-0.1), and company outlook expectations dipped to 55.7 (-0.4). Conversely, perceptions of current national conditions improved slightly to 48.0 (+0.1), and firms’ present situation rose to 50.4 (+0.2). source: Instituto Nacional de Estadística y Geografía (INEGI)

Business Confidence in Mexico decreased to 48.10 points in February from 48.40 points in January of 2026. Business Confidence in Mexico averaged 51.65 points from 2004 until 2026, reaching an all time high of 59.60 points in February of 2007 and a record low of 33.90 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 March of 2026.

Business Confidence in Mexico decreased to 48.10 points in February from 48.40 points in January of 2026. Business Confidence in Mexico is expected to be 49.20 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 53.00 points in 2027 and 55.00 points in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-02-03 12:00 PM
Business Confidence
Jan 48.4 48.6 48.9
2026-03-02 12:00 PM
Business Confidence
Feb 48.1 48.3 48.2
2026-04-01 12:00 PM
Business Confidence
Mar 48.1 49.2


Related Last Previous Unit Reference
Business Confidence 48.10 48.40 points Feb 2026
Capacity Utilization 79.80 79.80 percent Dec 2025
Auto Production YoY 311.46 303.98 Thousand Units Feb 2026
Car Registrations 50018.00 61032.00 Units Feb 2026
Changes in Inventories 33922.30 36582.60 MXN Million Sep 2025
Industrial Production YoY -1.10 2.40 percent Jan 2026
Industrial Production MoM -1.10 0.10 percent Jan 2026
Manufacturing Production -3.00 1.30 percent Jan 2026
Gross Fixed Investment YoY 0.00 -6.50 percent Dec 2025
Total Vehicle Sales 120608.00 133852.00 Units Feb 2026


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.
Actual Previous Highest Lowest Dates Unit Frequency
48.10 48.40 59.60 33.90 2004 - 2026 points Monthly
SA

News Stream
Mexican Manufacturing Confidence Hits 5-Year Low in February
Mexico’s manufacturing business confidence eased 0.2 points to 48.1 in February 2026, the lowest since March 2021 and the 12th straight month below the 50-point neutral threshold. Investment willingness fell to 34.2 (-0.8), while the outlook for the national economy slipped to 51.9 (-0.1), and company outlook expectations dipped to 55.7 (-0.4). Conversely, perceptions of current national conditions improved slightly to 48.0 (+0.1), and firms’ present situation rose to 50.4 (+0.2).
2026-03-02
Mexico Business Confidence Falls to 9-Month Low
The manufacturing business confidence in Mexico eased to 48.4 in January of 2026 from the downwardly revised 48.6 in the previous month, the lowest since April of the previous year, to mark 11 consecutive months below the 50-point neutral threshold. Surveyees noted a deterioration in the outlook of Mexico's economy (-0.4 to 52.1) and the outlook of their companies (-0.4 to 56). Likewise, sharper contractions were noted on whether it is the right moment to invest (-0.1 to 35.3) and the current condition of Mexico's economy (-0.2 vs 48).
2026-02-03
Mexico Manufacturing Confidence Improves
Mexico’s manufacturing business confidence rose to 48.9 in December 2025 from an upwardly revised 48.7 in November, remaining below the 50-point threshold for a tenth straight month. Willingness to invest increased 0.1 point to 35.8. The assessment of the country’s economic situation rose 0.3 point to 48.6, while views on firms’ current conditions also improved by 0.3 point to 50.2. Expectations strengthened, with the outlook for the national economy up 0.8 point to 53.0 and companies’ future prospects rising 0.8 point to 56.7.
2026-01-02