The Business Confidence Index (BCI) in Mexico increased 12.3 percent year-over-year in July, the fifth consecutive annual increase and the biggest rise in the last 15 months, according to SteelOrbis' analysis of seasonally adjusted data from national statistics agency Inegi.
Positive indications were widespread in three of the four industries considered in the index. The non-financial private services industry grew 6.5 percent, construction grew 1.5 percent, and manufacturing increased 0.4 percent. In contrast, the trade sector decreased 0.2 percent.
According to Inegi, the BCI weighting system, the greatest percentage weight is given to "non-financial private services" with 46.0 percent, commerce contributes 23.5 percent, manufacturing contributes 21.2 percent, and construction contributes 23.5 percent. 9.3 percent.