Mexico: Consumer confidence hits highest reading since November 2021 in June
Consumer confidence came in at 45.2 in June, up from May’s 44.5. June’s result marked the strongest sentiment since November 2021. Despite the uptick, the index remained below the 50-point threshold, indicating pessimism among consumers. Over Q2 as a whole, consumer confidence was the joint-highest since Q4 2021, boding well for private consumption in the second quarter.
June’s reading reflected improved sentiment regarding current general economic conditions, personal financial conditions, and consumers’ willingness to make large purchases.