Business confidence in Mexico hits its lowest point in 3 years

Business assurance successful Mexico fell to its lowest level successful 3 years, according to the results of a survey conducted by the nationalist statistic bureau INEGI.

The survey results show that interior and outer uncertainty is negatively affecting the cognition of Mexico’s concern leaders. Economic weakness (Mexico posted conscionable 0.7% maturation successful 2025), inflationary challenges and anxiousness implicit the scheduled reappraisal of the US-Mexico-Canada commercialized statement were apt contributing factors.

Construction executives were the lone cohort that showed improved assurance successful January compared to December successful the INEGI survey. (Gabriela Pérez Montiel/Cuartoscuro)

Using seasonally adjusted figures, INEGI’s Global Business Confidence Opinion Indicator (IGOEC) suggested that those surveyed were pessimistic astir the economy.

The January 2026 results showed the IGOEC stood astatine 48.0 points, 0.2 points little than successful December 2025 — the 4th consecutive monthly diminution — and a 3.4-point alteration year-on-year, the 21st consecutive yearly decline. The past clip it dipped this debased was successful December 2022 (47.4 points).

The indicator has present remained beneath 50 points (which, according to INEGI, is the threshold for pessimism) for 11 consecutive months.

The IGOEC is compiled via a Monthly Business Opinion Survey, successful which concern executives successful the manufacturing, construction, commercialized and backstage non-financial services sectors measure the economical concern of the state and their companies. The responses are weighted by sector.

Each responsive is asked however they consciousness about: 1. The existent concern environment; 2. The existent economical concern of the country; 3. The aboriginal economical prospects of the country; 4. The existent economical concern of their ain business; 5. The aboriginal economical prospects of their ain business.

Three of the 4 sectors that the IGOEC comprises showed monthly declines (only operation offered an improved assessment, though it remained beneath the 50-point pessimism level) and each 4 sectors had antagonistic year-on-year responses.

As for idiosyncratic sectors, manufacturing registered decreases with respect to the cognition of the aboriginal economical concern of the state and aboriginal prospects of backstage companies.

Construction assemblage responses revealed that those surveyed were bullish regarding the concern environment, but were uncertain astir the country’s aboriginal economical concern and arsenic acrophobic astir their ain concern prospects, some existent and future.

Trade assemblage respondents were besides pessimistic astir the existent concern environment, whereas executives successful the backstage non-financial services assemblage were affirmative astir the existent concern situation and the existent and aboriginal economical concern of the country.

With reports from La Jornada and El Economista