The uncertainty generated by the United States’ economic policy with the imposition of tariffs has affected business confidence when deciding to invest, according to the Global Indicator of Business Opinion Confidence (IGOEC) , which stood at 48.6 points last April , 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 a drop of 0.6 points compared to March 2025 and 6.2 points compared to the previous year.
The agency detailed that, in April 2025, the manufacturing industry confidence indicator was 48.5 points , which was 1.2 points lower than last March, and represented the second consecutive month with declines.
The components that make up the aforementioned indicator fell, with the one related to whether it is the right time to invest standing out with a drop of 3.2 points .
Meanwhile, construction reported a positive result, achieving a monthly increase of 0.1 points in April; the component that showed the greatest growth was the one related to the company’s current economic situation, with an increase of 1.8 units .
In turn, the trade sector confidence indicator decreased 1.8 points compared to March 2025, reaching 47.4 points . The largest decline was related to the company’s future economic situation, with a decrease of 2.9 points .
The non-financial private services confidence indicator increased 0.2 points month-over-month to 49.7 points ; the right time to invest was the component with the largest increase, rising 1.9 points during the period.
According to CIAL Dun & Bradstreet , the Mexican economy is facing a complex situation, characterized by stagnant productive activity and a slowdown in employment.
The firm, which specializes in providing technological solutions and data, considered that this stems from local factors such as the elimination of autonomous bodies and reforms to the Judiciary , as well as external factors such as the uncertainty surrounding U.S. tariffs , which have negatively impacted Mexico’s economic performance.
Under this scenario, the International Monetary Fund (IMF) revised its growth forecasts for Mexico, projecting a 0.3% contraction in 2025, in contrast to the 1.4% growth estimated last January.
Comment and follow us on X: @GrupoT21
