Mexico Consumer Confidence June 2019


Mexico: Consumer confidence drops in June amid threat of U.S. tariffs

July 4, 2019

Consumer confidence fell again in June, with the seasonally-adjusted consumer confidence index published by the Statistical Institute (INEGI) coming in at 107.5 points, down from 109.3 points in May. By most accounts, May’s reading was still upbeat; the indicator remained comfortably above the 100-point threshold and signaled optimism.

Broadly, the index was held back by consumers’ forward-looking anxieties over both their personal finances and the state of the economy—likely a reaction to the announcement of since-shelved U.S. tariffs on Mexican imports. Consumers’ views toward the current state of affairs improved marginally, however.

Analysts participating in this month’s LatinFocus Consensus Forecast expect private consumption to grow 2.0% in 2019, which is unchanged from last month’s forecast. For 2020, the panel sees private consumption growing 2.4%.

Author:, Economist

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Mexico Consumer Confidence Chart

Mexico Consumer Confidence June 2019

Note: Consumer Confidence Index (ICC, Índice de Confianza del Consumidor). January 2003 = 100.
Source: Mexico National Statistics Institute (INEGI).

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