Amid uncertainty over US tariff policy,  Mexican business confidence fell 0.1 points in May 2026 compared to April; it also decreased 0.5 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) .

This was due to the caution shown by business owners in the manufacturing, construction, and trade sectors, reflecting pessimism, as the IGOEC fell below the 50-unit threshold.

In this regard, the  Business Confidence Indicator (BCI)  for  manufacturing industries  stood at  47.5 points  in May, a decrease of 0.4 points compared to April. Within this indicator, the component that saw the largest decline was the perception of a favorable time to invest, with a monthly drop of 1.8 points.

The  Construction Energy Efficiency Index (ICE)  was  47.8 units  in May 2026. This represents a decrease  of 0.3 points  compared to the previous month. With this figure, the indicator has remained below the 50-point threshold for 21 consecutive months.

In the cycle, the  Commerce ICE  fell  0.7 points  compared to the previous month, settling at  48.3 units . All its components experienced declines compared to last April, with the   most significant drop, at 1.8 points, being the most opportune time to invest .

In the reference month, the  Business Confidence Index (BCI) for private non-financial services  increased  by 0.4 points  compared to April 2016, reaching  48.4 units . One of its components showed a negative performance. The current economic situation of the company experienced the largest decline, falling by 0.7 points month-on-month.

According to the Global Business Confidence Opinion Indicator, three of the four sectors it covers showed declines during May 2026.

This uncertainty has been generated, among other reasons, by international factors such as tariffs around the world and the conflict in the Middle East, as well as by internal factors, such as a weakening of the Mexican economy and private consumption.

Manufacturing orders also performed negatively

Meanwhile, the Manufacturing Orders Indicator (IPM), which tracks the performance of the manufacturing economy in Mexico, also showed declines on a monthly and annual basis during May 2026, mainly due to a contraction in orders and production, reported Inegi and the  Bank of Mexico (Banxico) .

In the fifth month of the year,  the MPI stood at  49.2 points  , a decrease of 1.1 points compared to April. Its annual measurement also registered a negative figure, with  a decline of 1.4 points .

Within it, four components that make up the IPM registered declines and only one had a positive performance in the monthly comparison.

In May 2026,  orders  fell by 3.3 points compared to April. This was followed by a monthly decrease of 0.3 points  in production . Total employment and on-time delivery of supplies from suppliers  each decreased by 0.1 points compared to April 2026. Conversely,  supplies showed a monthly increase of 0.1 points.

By subsector, the transportation equipment sector saw the largest year-on-year decrease , with a drop of 5.6 points. Meanwhile, non-metallic minerals and basic metals experienced the largest increase, rising 4.4 points year-on-year.

According to Banxico, knowing the Manufacturing Orders Indicator is crucial because it provides a preview of economic activity in Mexico.

“An increase in the MPI suggests that companies are receiving more orders and producing more, which can have a positive impact on the economy and investor confidence,” he explained.

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El cargo Business confidence in Mexico falls during May; manufacturing orders also decline apareció primero en T21.

Amid uncertainty over US tariff policy,  Mexican business confidence fell 0.1 points in May 2026 compared to April; it also decreased 0.5 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) .

This was due to the caution shown by business owners in the manufacturing, construction, and trade sectors, reflecting pessimism, as the IGOEC fell below the 50-unit threshold.

In this regard, the  Business Confidence Indicator (BCI)  for  manufacturing industries  stood at  47.5 points  in May, a decrease of 0.4 points compared to April. Within this indicator, the component that saw the largest decline was the perception of a favorable time to invest, with a monthly drop of 1.8 points.

The  Construction Energy Efficiency Index (ICE)  was  47.8 units  in May 2026. This represents a decrease  of 0.3 points  compared to the previous month. With this figure, the indicator has remained below the 50-point threshold for 21 consecutive months.

In the cycle, the  Commerce ICE  fell  0.7 points  compared to the previous month, settling at  48.3 units . All its components experienced declines compared to last April, with the   most significant drop, at 1.8 points, being the most opportune time to invest .

In the reference month, the  Business Confidence Index (BCI) for private non-financial services  increased  by 0.4 points  compared to April 2016, reaching  48.4 units . One of its components showed a negative performance. The current economic situation of the company experienced the largest decline, falling by 0.7 points month-on-month.

According to the Global Business Confidence Opinion Indicator, three of the four sectors it covers showed declines during May 2026.

This uncertainty has been generated, among other reasons, by international factors such as tariffs around the world and the conflict in the Middle East, as well as by internal factors, such as a weakening of the Mexican economy and private consumption.

Manufacturing orders also performed negatively

Meanwhile, the Manufacturing Orders Indicator (IPM), which tracks the performance of the manufacturing economy in Mexico, also showed declines on a monthly and annual basis during May 2026, mainly due to a contraction in orders and production, reported Inegi and the  Bank of Mexico (Banxico) .

In the fifth month of the year,  the MPI stood at  49.2 points  , a decrease of 1.1 points compared to April. Its annual measurement also registered a negative figure, with  a decline of 1.4 points .

Within it, four components that make up the IPM registered declines and only one had a positive performance in the monthly comparison.

In May 2026,  orders  fell by 3.3 points compared to April. This was followed by a monthly decrease of 0.3 points  in production . Total employment and on-time delivery of supplies from suppliers  each decreased by 0.1 points compared to April 2026. Conversely,  supplies showed a monthly increase of 0.1 points.

By subsector, the transportation equipment sector saw the largest year-on-year decrease , with a drop of 5.6 points. Meanwhile, non-metallic minerals and basic metals experienced the largest increase, rising 4.4 points year-on-year.

According to Banxico, knowing the Manufacturing Orders Indicator is crucial because it provides a preview of economic activity in Mexico.

“An increase in the MPI suggests that companies are receiving more orders and producing more, which can have a positive impact on the economy and investor confidence,” he explained.

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El cargo Business confidence in Mexico falls during May; manufacturing orders also decline apareció primero en T21.

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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El cargo Mexican business confidence remained in negative territory during April apareció primero en T21.

The Global Business Confidence Opinion Indicator (IGOEC), prepared by the National Institute of Statistics and Geography (Inegi) , stood at 48.4 points in March 2026, marking 13 consecutive months below the threshold of 50 units , reflecting a discouraging outlook regarding business perception.

According to figures from the Monthly Business Opinion Survey (EMOE), the IGOEC fell 0.4 points in its monthly measurement , while at an annual rate it fell 0.9 units in the third month of the year.

In the reference month, two of the four industries in the Business Confidence Indicator (BCI) registered increases , with construction showing the largest increase, rising 1.3 points compared to last February, reaching a level of 47.8. Within this sector, the appropriate time to invest was the component that showed the greatest increase, rising 2.7 points on a monthly basis.

During March, the Trade Confidence Index (ICE) rose 0.1 points compared to the previous month, reaching 48.8 points. The country’s future economic outlook was the best-performing component during the period, increasing by 1.8 points month-over-month.

The ICE for manufacturing industries was 47.8 points, 0.5 units less than in February 2026. The monthly behavior of the indicator showed declines in its five components, with the most favorable time to invest being the largest decline (0.7 points).

Meanwhile, the ICE for private non-financial services fell 0.9 points in March 2026 compared to February, settling at 48.5 points. The only component with positive performance was the ” opportune time to invest ,” registering a 0.5-point increase month-over-month.

All four IGOEC indicators fell below the 50-point threshold, reflecting pessimism in business confidence during the cycle, in a global economic environment where uncertainty still prevails, stemming from unilateral trade decisions and geopolitical tensions such as those in the Middle East.

According to Inegi, the IGOEC and the 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 influences the perception of integrity and ability of a company to meet its objectives, as well as the decision to invest.

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After starting 2026 with a 0.2-point drop on a monthly basis, Mexican business confidence showed a rebound of 0.7 units compared to last January, as announced this Monday by the National Institute of Statistics and Geography (Inegi) .

According to figures obtained from the Monthly Business Opinion Survey (EMOE), the Global Business Confidence Opinion Indicator (IGOEC), which stood at  48.8 points in the second month of 2026, fell 1.3 units in its annual measurement .

“With this latest observation, the indicator has now remained below the 50-point threshold for 12 consecutive months,” Inegi stated.

In February 2026, three of the four industries in the Business Confidence Indicator (BCI) registered increases , with commerce showing the largest increase in the period, rising 1.6 points compared to January, reaching a level of 48.8. Within this sector, the appropriate time to invest was the component with the largest increase, rising 4.4 points on a monthly basis.

The Construction Economic Index (ICE ) was 46.5 points in the reference month, representing a 1-point increase compared to the previous month. With this figure, the indicator has remained below the 50-point threshold for 18 consecutive months.

In the second month of the year, private non-financial services rose 0.6 units compared to January 2026, reaching 49.5 points, with the right time to invest with a growth of 1.5 units.

Manufacturing industries recorded an ICE of 48.1 points in February of this year, a decrease of 0.2 units compared to the first month of 2026. The component with the greatest decline was the appropriate time to invest, with a decrease of 0.8 points compared to January 2026.

Although the IGOEC registered growth in three of its components, in the trade, construction and non-financial private services sectors, these indicators remained below 50 units, reflecting pessimism in the confidence of businesspeople in the period in the face of a challenging global economic environment.

Understanding the level of trust among business leaders influences the perception of a company’s integrity and ability to meet its objectives, as well as investment decisions. A high level of trust translates into greater financial benefits and a stronger market position.

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In January 2026, the confidence of Mexican business owners fell 0.2 points compared to December 2025 and also decreased 3.4 units year-on-year, according to the Global Indicator of Business Confidence Opinion (IGOEC), which stood at  48 points , as announced this Tuesday by the  National Institute of Statistics and Geography (Inegi) .

This was due to the caution shown by business owners in the manufacturing, trade and private non-financial services sectors, reflecting pessimism, as the IGOEC was below 50 units.

“With this latest observation, the indicator has now remained below the 50-point threshold for 11 consecutive months,” Inegi noted.

In January 2026, the Business Confidence Indicator (BCI) for  manufacturing industries  stood at 48.4 points, a decrease of 0.2 points compared to December. Within the index, four of its five components showed monthly declines. The only component that registered an increase was the current economic situation of the company , rising by 0.1 points.

The Construction Economic Index (ICE  ) stood at 45.5 units in January 2026. It increased by 0.4 points compared to the previous month. With this figure, the indicator remained below the 50-point threshold for 17 consecutive months. The “opportune time to invest” index reported 3.5 units.

In the cycle, the Trade ICE   fell 0.6 points in January 2026 compared to the previous month, settling at 47.1 units. Three of its five components declined compared to last December, with the component that fell the most, by 3.1 points, being the right time to invest.

In the reference month, the Private Non-Financial Services Economic Index (ICE)  fell 0.1 points compared to the previous month, reaching 48.8 units. Two of its components showed negative performance. The “opportune time to invest” component performed best, rising 1.1 points.

According to the  Global Business Confidence Opinion Indicator , three of the four sectors it covers showed declines during the first month of 2026.

Amid uncertainty over US tariff policy and a slowdown in the Mexican economy, business confidence remained moderate.

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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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El cargo On negative territory, Mexican business confidence in October apareció primero en T21.