Mexico: Consumer confidence reaches eight-month high
July 4, 2014
Consumer sentiment improved for a fourth consecutive month in June according to the INEGI’s unadjusted index of consumer confidence. The indicator inched up from 90.7 points in May to 91.0 points in June, thus reaching the highest point since October 2013. The reading, nonetheless, fell short of the 91.1 points the market had expected.
According to INEGI, consumers were more optimistic about their own economic situations as well as the country’s overall economic situation. They also showed more optimism regarding the country’s economic prospects. Conversely, respondents to the June survey were less optimistic regarding both their economic prospects and their ability to buy big-ticket items.
Author: Ricardo Aceves, Senior Economist