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.