The uncertainty generated by the United States’ economic policy with the imposition of tariffs has affected the confidence of Mexican business owners regarding the economic situation of their companies, according to the Global Indicator of Business Confidence Opinion (IGOEC) , which stood at 48.6 points last October , as revealed this Monday 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 0.8 points in relation to September 2025 and 3.4 units in its annual comparison.
“With this latest observation, the indicator has now remained below the 50-point threshold for eight consecutive months,” Inegi explained.
Meanwhile, construction fell 0.6 points in its monthly comparison; the component that showed the greatest progress was that related to the current economic situation of the company with an increase of 0.6 units .
Meanwhile, the retail sector confidence indicator fell 0.3 points in October compared to September 2025, reaching 47.9 units . The largest decline was related to the company’s future economic outlook, with a decrease of 1.2 units .
The private non-financial services confidence indicator fell 1.3 points in October 2025 compared to the previous month and settled at 49.2 points ; the right time to invest was the component with the largest decline, falling 4.1 units during the period.
Last October, the IGOEC registered a decline in all four of its components: manufacturing, construction, trade, and private non-financial services.
Therefore, this indicator did not reach 50 units, reflecting pessimism in business confidence during the period in the face of a challenging global economic environment.
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