The business confidence index (BCI) in Mexico increased 17.7 percent in September, year-over-year, the seventh consecutive annual increase and the largest increase in the last 19 months, according to SteelOrbis analysis of data from the national statistics agency Inegi.
In September, the BCI index was 56.45 points, very close (0.15 percent down) to 56.54 points last July, the maximum figure in the short Inegi statistical series dating back to 2017.
The positive behavior was generalized in the four industries considered in the indicator. The confidence of entrepreneurs in the non-financial private services industry increased 36.2 percent, in manufacturing 5.7 percent, in construction it grew 4.3 percent and among entrepreneurs in the commerce sector it increased 3.9 percent, compared to September of last year.
According to Inegi, the BCI weighter, the greatest percentage weight is given to “non-financial private services” with 46.0 percent, commerce contributes 23.5 percent, manufacturing industries contribute 21.2 percent and construction contributes 21.2 percent. 9.3 percent.