Mexico: Consumer confidence notches up in October
November 6, 2018
Consumer sentiment improved in October, with the seasonally-adjusted consumer confidence index published by INEGI ticking up to 101.4 points from September’s revised 100.3 points (previously reported: 100.1 points). October’s reading revealed optimism as it landed above the 100-point threshold, below which readings had been stuck for more than a decade until last July.
Four of the index’s five components notched up in October, led by gains in consumers’ stated ability to pursue big-ticket purchases.
Author: Christopher Thomas, Economist