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.
Author: Ricardo Aceves, Senior Economist