The seasonally adjusted manufacturing confidence index in Mexico decreased to 49.2 in December 2018 from 49.9 in the previous month. Sentiment declined for the fourth consecutive month and the most since June, amid a deterioration in expectations for the country's economic situation (49.8 from 51.1 in November) and the company's situation (57.2 from 58.2). Concomitantly, the current assessment was less favorable regarding the country's economic situation (46.0 from 46.5) and the company's situation (52.4 from 53.4). In contrast, manufacturers' current opinion about investment improved slightly (39.4 from 39.3). Business Confidence in Mexico averaged 51.18 Index Points from 2004 until 2018, reaching an all time high of 58.10 Index Points in February of 2007 and a record low of 33.70 Index Points in February of 2009.
Business Confidence in Mexico is expected to be 50.30 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 50.40 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.