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Mexico Consumer Confidence June 2019

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

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.

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