Mexico Consumer Confidence October 2018

Mexico

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.

Panelists participating in this month’s LatinFocus Consensus Forecast expect private consumption to grow 2.5% in 2019, which is unchanged from last month’s projection. For 2020, the panel sees private consumption expanding 2.6%.


Author:, Economist

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Mexico Consumer Confidence October 2018

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


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