The business confidence index (BCI) in Mexico increased 5.2 percent in May, year-over-year, the third consecutive annual increase after a period of eight consecutive months of contraction, according to SteelOrbis' analysis of data from national statistics agency Inegi.
The positive behavior was widespread in the four industries considered. The construction industry grew 9.3 percent, “non-financial private services” increased 7.0 percent, the trade industry increased 3.3 percent, and business confidence in the manufacturing industry increased 1.9 percent.
According to Inegi, the weight of the index, the greatest percentage weight is given to "non-financial private services" with 46.0 percent, trade contributes 23.5 percent, manufacturing contributes 21.2 percent, and construction contributes 9.3 percent.