Overview and Background
The confidence of Mexican businesses remained unchanged in June 2025 compared to May, according to data from the National Institute of Statistics and Geography (INEGI). This stagnation is noteworthy as it was last observed in July 2024, when the month ended without any changes. The Global Indicator of Business Opinion on Confidence (IGOEC), after seasonal adjustments, stood at 48.7 points in June 2025, mirroring the level recorded in May.
Sector-wise Analysis
The Mexican business confidence displayed mixed results across different economic sectors.
- Services and Private Financial Sector: This sector experienced the largest monthly decline in its Business Confidence Index (BCI), dropping by 0.5 points to 49.1 in June 2025. The lowest scores were observed in “the current economic situation of the country” (-1.5 points) and “the current economic situation of the company” (-0.9 points).
- Construction Sector: The construction sector demonstrated the best monthly performance, with a 1.4-point increase in its BCI, reaching 47.7 points in June compared to May. The “current economic situation of the country” (+2.5 points) and “current economic situation of the company” (+2.2 points) were the driving factors behind this growth, despite the sector being below 50 points for ten consecutive months.
- Commercial Sector: The commercial sector’s BCI closed at 47.5 points in June, an increase of 0.8 points from May, supported by rises in components like “the future economic situation of the company” (+1.7 points). However, this indicator has remained below 50 points for four consecutive months.
- Manufacturing Industries: The manufacturing industries experienced a slight monthly decrease of 0.2 points, with the BCI at 49.3 points. This sector has been below the 50-point threshold for four consecutive months, although two of its five components—perception on investment moment and future outlook for the company—showed improvements.
Key Questions and Answers
- Question: What was the overall business confidence level in June 2025?
- Question: Which sectors showed positive and negative changes in business confidence?
Answer: The Global Indicator of Business Opinion on Confidence (IGOEC) stood at 48.7 points in June 2025, remaining unchanged from May.
Answer: The construction sector demonstrated the best monthly performance, while the services and private financial sector experienced the largest decline. The commercial sector increased slightly but remained below 50 points for four consecutive months, and manufacturing industries had a minor decrease despite improvements in some components.
