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.
Author: Christopher Thomas, Economist