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.
Author: Ricardo Aceves, Senior Economist