Mexico: Consumer confidence edges down in November
December 6, 2016
In November, the unadjusted index of consumer confidence produced by INEGI fell to 84.4 from 85.0 in October. Adjusted for seasonal factors, Mexican consumer confidence fell 0.8% from the previous month, which contrasted the increase seen in October.
As a result of the mild fall, consumer confidence remains depressed at a historically low level. The low headline figure continues to reflect Mexican households’ disenchantment with both their own economic situation and the country’s current economic situation. The sub-components of the index fell almost across the board this month, with more upbeat sentiment seen only in regard to the current economic situation for both households and the country.