Mexico: Consumer confidence falls again in August, reaches five-month low
September 5, 2014
In August, the unadjusted consumer confidence index elaborated by INEGI fell to 89.7 points from 90.5 points in July. August’s result represented the second consecutive fall and the lowest level in five months. It also undershot the 91.0 points the market had expected.
The fall in August reflected that consumers were more pessimistic about the country’s future economic situation and they showed more pessimism regarding their ability to buy big-ticket items. Meanwhile, households’ assessment of the country’s overall economic situation was relatively unchanged over the previous month, while their opinion regarding their own current economic situation improved over the previous month.
Author: Ricardo Aceves, Senior Economist