Mexican business confidence fell 0.2 points in April 2026 compared to last March and also decreased 0.4 units year-on-year, according to the Global Business Confidence Opinion Indicator (IGOEC) , which stood at 48.2 points, as announced this Monday by the National Institute of Statistics and Geography (Inegi) .
With this latest observation, the indicator has remained below the 50-point threshold for 14 consecutive months, reflecting pessimism among Mexican business owners, according to the results of the Monthly Business Opinion Survey (EMOE).
In this regard, the Business Confidence Indicator (BCI) for manufacturing industries stood at 47.9 points in April 2026, which was 0.1 points higher than in March. Within this indicator, the only component that decreased month-on-month was the current economic situation of the country , with a drop of 0.2 points.
The Construction Economic Index (ICE) was 48.1 units in the fourth month of the year. It increased by 0.3 points compared to the previous month. With this figure, the indicator has remained below the 50-point threshold for 20 consecutive months.
In the cycle, the Commerce ICE fell 0.1 points compared to the previous month, settling at 48.9 units. Two of its five components declined compared to last March, with the company’s future economic situation showing the largest drop, at 1.5 points.
In the reference month, the ICE for private non-financial services fell 0.4 points compared to March 2016, reaching 48.1 units. Three of its components showed negative performance. The country’s current economic situation experienced the largest decline, falling 1.3 points.
In its annual measurement, the ICE for manufacturing industries fell 0.4 units; the one for construction advanced 1.4 points; the one for commerce registered an increase of 1.6 units; and the one for private non-financial services fell 1.7 points.
The decline in expectations among Mexican business leaders regarding the performance of the economy stems from various factors, including the uncertainty generated by tariffs worldwide, the conflict in the Middle East, and a weakening of domestic consumption, which has put pressure on the country’s commercial environment.
The IGOEC and ICE present the opinion of business executives on the economic situation of the country and their companies, so knowing the level of confidence of businessmen is important, since it influences their decision to invest.
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