Mexico Consumer Confidence

Mexico

Mexico: Consumer confidence jumps up to year-high in September

October 3, 2014

In September, the unadjusted consumer confidence index elaborated by INEGI increased to 91.8 points from 89.7 points in August. September’s result represented the highest level in a year and also overshot the 90.0 points the market had expected.

The improvement in September was broad based. The higher reading reflected that consumers were more optimistic about the country’s future economic situation and that they were more upbeat regarding their ability to buy big-ticket items. Their assessment of the country’s current economic situation was also more positive. Households also had a more positive outlook for their economic situation compared to the previous month.

LatinFocus Consensus Forecast panelists expect private consumption to grow 2.4% in 2014, which is unchanged from last month’s projections. For 2015, the panel sees private consumption expanding 3.8%.


Author:, Senior Economist

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Mexico Consumer Confidence September 2014

Note: Consumer confidence index (ICC, Indicador de Confianza del Consumidor). January 2003=100.
Source: Mexico National Statistics Institute (INEGI).


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