Business confidence increases in strategic sectors for the Mexican economy
Within a year, business confidence is centered in manufacturing, construction, and trade for the period from September 2020 to September 2021.
In one year, business confidence increased in strategic sectors for the economy, such as manufacturing, construction, and commerce.
The survey conducted by Inegi revealed that from September 2020 to September of this year, manufacturing industrialists perceived better conditions for the development of their businesses by 10.4 points, while commerce increased by 12.8 and construction by 8.1 points.
In its monthly comparison, from August to September, manufacturing business confidence decreased slightly by 0.1 points; that of builders increased by 1.8, and commerce increased by 1.1 points.
The National Institute of Statistics and Geography publishes the Business Confidence Indicators (ICE), which are comprised of the perception that business executives from the Manufacturing, Construction, Commerce and Private Non-Financial Services sectors have of the economic situation in the country and in their companies, as well as their expectations for the future. It is prepared monthly and is based on the results of the Monthly Business Opinion Survey (EMOE).
The Manufacturing Business Confidence Indicator stood at 51.2 points in September of this year, 0.1 points lower than the previous month, according to the seasonally adjusted series. With this figure, the Manufacturing Business Confidence Indicator remains for the fifth consecutive month above the 50-point threshold.
