Mexico Consumer Confidence


Mexico: Consumer confidence edges down in May

June 4, 2012

In May, the consumer confidence index elaborated by the statistical institute (INEGI) dropped to 96.3 points from 97.2 points in April. The reading was broadly in line with market expectations, which had the index falling to 96.5 points. Compared to the same month last year, the index was 7.8% higher, which came in below the 8.3% increase recorded in April. The decline reflected a less upbeat assessment of the current economic situation of both the respondents'own household and the overall economy. In contrast, forward looking components and the willingness to make major purchases edged up compared to the previous month. A month-on-month comparison, however, does not corroborate the decline suggested by the annual data, as consumer sentiment added 0.2% in seasonally adjusted terms, following on a 2.3% rise in April.


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Mexico Consumer Confidence Chart

Mexico Consumer Confidence May 2012

Note: Non-seasonally adjusted consumer confidence index (ICC, Indicador de Confianza del Consumidor). January 2003=100.
Source: Mexico National Statistical Institute (INEGI).

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