Mexico Consumer Confidence May 2022

Mexico

Mexico: Consumer confidence is stable in May

June 2, 2022

Consumer confidence was unchanged at 44.2 in May. As such, the index remained entrenched below the 50-point threshold, indicating that consumers were pessimistic.

The headline print largely reflected a deterioration in consumers’ willingness to make major purchases, which was offset by greater optimism regarding the future general economic situation and consumers’ personal financial situation.

Panelists participating in this month’s LatinFocus Consensus Forecast project private consumption to increase 2.3% in 2022, which is unchanged from last month’s forecast, and 2.1% in 2023.


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Mexico Consumer Confidence May 2022

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


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