After showing declines in the first months of 2025 and amid uncertainty over the global economic reconfiguration, Mexican business confidence showed progress last July.
This was estimated by the Global Indicator of Business Opinion Confidence (IGOEC) , which in the seventh month of the year stood at 49 points , as revealed this Friday by the National Institute of Statistics and Geography (INEGI) .
According to figures obtained from the Monthly Business Opinion Survey (EMOE) , this weighting represented an increase of 0.4 points in relation to June 2025. In its annual measurement, it decreased by 4.5 units .
“With this latest observation, the indicator has now been below the 50-point threshold for five consecutive months,” i.e., in pessimistic territory, INEGI stated.
In July 2025, the manufacturing industry confidence indicator was 49.4 points , 0.2 points higher than last June. Domestically, three of its five components showed declines. The ” Right Time to Invest” indicator registered the largest increase, with 0.8 points.
Construction saw a negative result , falling 0.4 points in its monthly comparison; the only component that showed progress was the one related to the right time to invest , with an increase of 1.9 units.
The trade sector confidence indicator decreased 0.4 points compared to June 2025, reaching 47.2 points . The largest decline came at the right time to invest , with a drop of 1.3 points.
Last July, the non-financial private services confidence indicator increased one point compared to the previous month, reaching 50.1 points ; the right time to invest was the component with the greatest increase, rising 2.4 points during the period.
The resilient performance of the Mexican economy has contributed to the improvement in business confidence among Mexican businesses last July, although distrust persists among various components within the IGOEC.
Positive growth in some industries, such as manufacturing and services, has boosted the country’s economy, which grew 0.7% in the second quarter of the year , marking two consecutive quarters of progress.
Added to this is the eventual “respite” granted by the United States to Mexico, with the 90-day pause on the 30% tariffs, which are scheduled to take effect on August 1.
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