Mexico Consumer Confidence January 2019

Mexico

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.

Panelists participating in this month’s LatinFocus Consensus Forecast expect private consumption to grow 2.3% in 2019, which is down 0.1 percentage points from last month’s projection. For 2020, the panel sees private consumption expanding 2.4%.


Author:, Economist

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Mexico Consumer Confidence Chart


Mexico Consumer Confidence January 2019

Note: Consumer Confidence Index (ICC, Índice de Confianza del Consumidor). January 2003 = 100.
Source: Mexico National Statistics Institute (INEGI).


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