Mexico Consumer Confidence March 2019

Mexico

Mexico: Consumer confidence eases from all-time high in March

April 4, 2019

Consumer confidence eased in March, with the seasonally-adjusted consumer confidence index published by the National Statistics Institute (INEGI) coming in at 116.3 points, down from February’s all-time high of 120.0 points. March’s reading landed well above the 100-point threshold, signaling upbeat confidence. Readings had been stuck below the threshold for more than a decade until last July.

All five components of the index deteriorated somewhat in March, with the largest drop in sentiment regarding the country’s present economic state.

Panelists participating in this month’s LatinFocus Consensus Forecast expect private consumption to grow 2.3% in 2019, which is unchanged from last month’s projection. For 2020, the panel sees private consumption expanding 2.4%.


Author: Angela Bouzanis, Senior Economist

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Mexico Consumer Confidence Chart


Mexico Consumer Confidence March 2019

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


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