Mexico Consumer Confidence

Mexico

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.

LatinFocus Consensus Forecast panelists expect private consumption to grow 2.4% in 2014, which is unchanged from last month’s projections. For 2015, the panel sees private consumption expanding 3.8%.


Author:, Senior Economist

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Mexico Consumer Confidence August 2014

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


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