Mexico Consumer Confidence


Mexico: Consumer confidence falls in January from 15-month high in December

February 6, 2015

The unadjusted consumer confidence indicator published by INEGI fell from a 15-month-high of 93.6 points in December to 91.1 points in January. The drop also exceeded the fall to 93.0 points the market had expected. Despite the monthly fall, the index is 7.8% higher than in the same month last year.

January’s drop reflected a broad-based deterioration in consumers’ sentiment. Consumers were less optimistic regarding their current economic situation and more pessimistic about the country’s current economic situation. Households also indicated they were less upbeat regarding their own economic prospects and their propensity to buy big-ticket items. The silver line of the survey was the improvement registered in consumers’ expectations for the country’s economy.

On a monthly basis, consumer sentiment fell 1.0% in seasonally-adjusted terms in January, which followed the 1.9% drop observed in December.

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

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Mexico Consumer Confidence Chart

Mexico Consumer Confidence January 2015

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

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