Mexico Consumer Confidence September 2020

Mexico

Mexico: Consumer confidence climbs for fourth consecutive month in September

October 5, 2020

Consumer confidence continued to strengthen, albeit gradually, through September from April’s three-year low when Covid-19 started to take its toll, with the seasonally-adjusted consumer confidence indicator published by the Statistical Institute (INEGI) coming in at 35.9 points, slightly above August’s 34.6 reading.

The climb reflected a broad-based strengthening across the indicator components. Households’ assessment over their future financial situation and the general economic environment in the year ahead improved the most. Moreover, consumers’ appraisal over their current financial situation and the current state of the economy as well as over their ability to purchase big-ticket items firmed slightly compared to August.

Analysts participating in this month’s LatinFocus Consensus Forecast expect private consumption to contract 8.4% in 2020 and grow 3.8% in 2021.


Author:, Economist

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Mexico Consumer Confidence September 20 20

Note: Consumer Confidence Indicator (ICC, Índice de Confianza del Consumidor).
Source: Mexico National Statistics Institute (INEGI).


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