Mexico: Consumer confidence ends 2015 on a high note
January 8, 2016
In December, the unadjusted index of consumer confidence elaborated by INEGI rose to 93.0 from November’s 92.5. The reading overshot the 92.8 that the markets had expected and marked a fourth consecutive increase. Moreover, the indicator reached the highest point in six months.
December’s improvement reflected that consumers were more optimistic regarding their current economic situation. Households were also more optimistic about the country’s current economic situation. Regarding their own economic prospects, consumers were less optimistic in December compared to the previous month, while they assessed the country’s economic prospects more positively. Moreover, with low unemployment and low inflation, consumers remain optimistic regarding the purchase of big-ticket items.
Author: Ricardo Aceves, Senior Economist