Mexico's seasonally adjusted manufacturing confidence index rose marginally to 52.3 in May of 2022 from a downwardly revised 52.2 in the prior month. It was the highest reading in three months, amid an improvement in the current opinion about investment (43.6 vs 41.7 in April). Meanwhile, both the country's economic situation (49.7 vs 50) and the company's situation (54.3 vs 55) were assessed less positively. Looking forward, manufacturers were less optimistic regarding the country's economic situation (54.3 vs 55.2) and the company's situation (56.5 vs 59.2). source: Instituto Nacional de Estadística y Geografía (INEGI)
Business Confidence in Mexico averaged 51.15 points from 2004 until 2022, 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 2022.
Business Confidence in Mexico is expected to be 52.00 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 51.00 points in 2023, according to our econometric models.