Mexico Consumer Confidence June 2021


Mexico: Consumer confidence hits highest reading since September 2019 in June

July 5, 2021

Consumer confidence rose to 44.5 in June from May's 43.0. June's result marked the strongest sentiment since September 2019, and was driven by consumers’ greater optimism regarding their personal financial situation, the general economic situation and their ability to make major purchases.

Over Q2 as a whole consumer sentiment averaged notably higher than in Q1, likely supported by the vaccine rollout and surging remittances, boding well for private spending in the period.

Panelists participating in this month’s LatinFocus Consensus Forecast project private consumption to increase 5.7% in 2021, which is up 0.4 percentage points from last month’s forecast, and 3.6% in 2022.


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Mexico Consumer Confidence Chart

Mexico Consumer Confidence June 2021

Note: Consumer Confidence Indicator (ICC, Indicador de Confianza del Consumidor).
Source: Mexico National Statistics Institute (INEGI).

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