Mexico: Consumer confidence jumps in January
February 6, 2019
Consumer confidence rose in January, with the seasonally-adjusted consumer confidence index published by the National Statistics Institute (INEGI) hitting a new multi-year high of 112.0 points, up from December’s upwardly revised 106.6 points. January’s reading landed further above the 100-point threshold, below which readings had been stuck for more than a decade until last July.
All but one of the five components of the index notched improvements in January, led by gains in the forward-looking components—specifically, that the broader economy will be better off a year from now.
Author: Christopher Thomas, Economist