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.
Author: Javier Colato, Economist