Mexico Business Confidence

Business Confidence in Mexico increased to 54.75 in March of 2014 from 52.52 in February of 2014. Business Confidence in Mexico is reported by the Instituto Nacional de Estadística y Geografía (INEGI). Business Confidence in Mexico averaged 51.86 from 2004 until 2014, reaching an all time high of 62.30 in March of 2006 and a record low of 41.20 in December of 2008. In Mexico, the Monthly Survey of Business Opinion (EMOE) measures the expectations of business executives regarding production, capacity utilization, employment and inventories, in the short, medium and long run. The survey also trials the expectations concerning the general economic environment and how it may affect business activity. The EMOE has a national coverage and it is measured on a scale of 0 to 100, where levels above 50 indicate optimism, 50 neutrality and below 50 pessimism. This page provides - Mexico Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
54.75 52.52 62.30 41.20 53.74 | 2014/06 2004 - 2014 Monthly

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Mexico Business Confidence
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2014-01-08 02:00 PM Mexico
Business Confidence
Dec 2013 52.21 52.78 (R) 52.96
2014-02-05 02:00 PM Mexico
Business Confidence
Jan 2014 54.46 52.35 (R) 52.56
2014-03-05 02:00 PM Mexico
Business Confidence
Feb 2014 52.52 53.99 (R) 51.89
2014-04-02 03:00 PM Mexico
Business Confidence
Mar 2014 54.75 52.52 53.17
2014-05-06 03:00 PM Mexico
Business Confidence
Apr 2014 54.75 52.99
2014-06-04 03:00 PM Mexico
Business Confidence
May 2014 53.42
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Business Last Previous Highest Lowest Forecast Unit
Business Confidence 54.75 2014-03-31 52.52 62.30 41.20 53.74 2014-06-30 [+]
Capacity Utilization 79.30 2014-01-15 77.40 81.30 74.40 78.65 2014-06-30 Percent [+]
Car Registrations 51816.00 2014-02-15 55905.00 99307.00 6318.00 56700.97 2014-06-30 Cars [+]
Changes in Inventories 112069.00 2013-11-15 80892.00 333197.00 -122914.00 190739.68 2014-06-30 MXN Million [+]
Industrial Production Mom 0.30 2014-02-28 0.51 7.08 -6.05 0.33 2014-06-30 Percent [+]
Manufacturing Pmi 51.70 2014-03-31 52.00 57.10 49.70 51.84 2014-04-30 [+]
Manufacturing Production 2.30 2014-02-15 2.98 17.69 -16.17 3.33 2014-06-30 Percent [+]
Industrial Production 0.70 2014-02-28 0.70 20.30 -14.82 1.18 2014-06-30 Percent [+]
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Business Confidence | Notes
The Business Confidence Index is an indicator designed to measure the degree of optimism on the state of the economy that business owners are expressing through their activities of investing and spending. Decreasing business confidence often implies slowing economic growth because business owners are likely to decrease their investment. The idea is that the more confident business owners and managers feel about the economy, their companies, their jobs and incomes, the more likely they are to make investments and purchases.


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Mexico Unemployment Rate Up to 4.8% in March  
Mexican unadjusted jobless rate rose to 4.8 percent in March of 2014, up from 4.65 percent in February and 4.51 percent a year earlier. Upon seasonal adjustment, the unemployment rate rose to its highest in more than one year to 5.25 percent.
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Mexican annual consumer prices slowed for the second straight month to 3.76 percent in March of 2014, down from 4.23 percent in February. The inflation is now below the central bank’s 4 percent limit.
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In February of 2014, Mexico posted a USD 976 million trade surplus, after recording in January the highest deficit on record. The figure compares with a USD 80 million surplus in the same month last year.
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Mexican jobless rate decreased to 4.65 percent in February of 2014 from 5.05 percent in January. A year ago, the unemployment rate was recorded at 4.85 percent.
Mexico Leaves Monetary Policy on Hold  
At its March 21st, 2014 meeting, Bank of Mexico left the overnight interbank rate steady at 3.5 percent for the third straight meeting, as it considers that the current policy stance remains appropriate to reach the 3 percent inflation target.
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Mexican consumer prices rose by an annual 4.23 percent in February, down from 4.48 percent in January, as the effects of new taxes eased. A year earlier, the inflation was recorded at 3.55 percent.
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In January of 2014, Mexican trade balance posted a USD 3.195 billion deficit, the highest trade deficit on record and mainly due to a fall in oil exports.
Mexico Unemployment Rate Rises in January  
In January of 2014, Mexican jobless rate edged up to 5.05 percent, after falling in December last year to a 5-year low at 4.25 percent.
Mexican Economy Slows in Q4  
Mexico’s GDP growth slowed in the last quarter of 2013 hurt by a drop in industrial production. The economy advanced a meager 0.2 percent on a quarter-on-quarter seasonally adjusted basis, down from a revised 0.95 percent growth rate in the previous three-month period.
Mexico GDP Growth Disappoints in Q4  
In the last three months of 2013, Mexican economy slowed for the second straight quarter expanding only 0.7 percent over a year earlier, hurt by lower production in agriculture and mining.
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