Mexico Consumer Confidence

Mexico

Mexico: Consumer confidence ends 2014 at a 15-month high

January 7, 2015

In December, the unadjusted consumer confidence indicator elaborated by INEGI increased to 93.6 points from 92.9 points in November. The print also overshot the 94.0 points that the marked had expected and represented the highest observed since September 2013. Owing to the monthly increase, the index is now 4.3% higher than it was in the same month last year.

December’s result reflected an overall improvement in consumers’ morale. Households were more upbeat regarding their current situation and reported a slightly better assessment regarding the country’s economic situation. Consumers also indicated that they were more optimistic regarding their ability to purchase big-ticket items. Regarding their own economic prospects, consumers were as upbeat as in the previous month. However, households were less optimistic regarding their expectations for the country’s economy.

On a monthly basis, consumer sentiment fell 2.1% in seasonally-adjusted terms in December, contrasting the 3.6% rise observed in November.

LatinFocus Consensus Forecast panelists expect private consumption to grow 3.4% in 2015, which is down 0.1 percentage points from last month’s projections. For 2016, the panel sees private consumption expanding 3.6%.


Author:, Senior Economist

Sample Report

Looking for forecasts related to Consumer Confidence in Mexico? Download a sample report now.

Download

Mexico Consumer Confidence Chart


Mexico Consumer Confidence December 2014

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


Mexico Economic News

More news

Search form