Amid tariff threats from the United States, the confidence of Mexican businessmen showed a new drop during March 2025, since in the third month of this year the Global Indicator of Business Opinion of Confidence (IGOEC) was 49.3 points , which represented a decrease of 0.8 points compared to last February and 5.4 points at an annual rate, as announced this Tuesday by the National Institute of Statistics and Geography (Inegi) .
According to INEGI figures, this decline was due to the fact that three of the four sectors that make up the indicator reported a decrease in the reference month.
In this regard, the Business Confidence Indicator (ICE) for manufacturing industries stood at 49.9 points , down 0.4 points from last February. Three of the five components fell, including the right time to invest, which fell 0.6 points monthly.
The Construction Index (ICE) was 46.9 points in the third month of 2025. It grew by 0.1 units in the monthly comparison period. With this figure, the indicator fell below the 50-point threshold for the seventh consecutive month.
In March of this year, the ICE trade index decreased 1.4 points compared to the previous month, reaching 49.2 points . In this case, four of its components showed downward trend, highlighting the ” right time to invest” factor , with a drop of 4.3 points compared to last February.
In the reference month, the ICE for private non-financial services also fell 0.8 points compared to the previous month, reaching 49.5 points . Four of its components performed negatively, including the one on the country’s future economic situation , which fell 2.1 points monthly .
According to the Global Business Sentiment Indicator , three of the four sectors covered showed declines during March 2025. Among these, the right time to invest was the component that showed the greatest distrust among business owners.
The decline in the IGOEC in March of this year marked the third consecutive decline in this indicator in its monthly measurement, while the annual measurement recorded 11 declines.
This uncertainty has been generated, among others, by international factors caused by Donald Trump , President of the United States, with his plan to impose 25% tariffs. , which will be announced on April 2, on various Mexican and other countries’ products entering the United States.
In response, the president of Mexico, Claudia Sheinbaum emphasized at her Tuesday morning press conference that they are working to protect jobs in the country and stressed that the economy is strong and consolidated.
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