Mexico: Consumer confidence increases for third month running in August
September 4, 2020
Consumer confidence continued to climb in August from April’s three-year low when Covid-19 began to take its toll, with the seasonally-adjusted consumer confidence indicator published by the Statistical Institute (INEGI) coming in at 34.6 points, above July’s 34.1 reading.
Households’ assessment over their current and future financial situation improved in August, largely driving the indicator’s increase. Moreover, their ability to purchase big-ticket items strengthened slightly. Meanwhile, consumers’ appraisal over the current state of the economy and general economic environment in the year ahead soured compared to July.
Author: Javier Colato, Economist