Mexico Consumer Confidence

Mexico

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.

LatinFocus Consensus Forecast panelists expect private consumption to grow 3.0% in 2014, which is unchanged from last month’s projections. For 2015, the panel sees private consumption expanding 3.9%.


Author:, Senior Economist

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Mexico Consumer Confidence Chart


Mexico Consumer Confidence June 2014

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


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