Mexico: Consumer confidence rises to seven-month high
June 5, 2014
Consumer sentiment improved for a third consecutive month in May according to the INEGI’s unadjusted index of consumer confidence. The indicator inched up from 90.3 points in April to 90.7 points thus reaching the highest point since October 2013. The reading was on par with market expectations.
According to the May survey, consumers were more optimistic about their own economic situations as well as the country’s overall economic situation. They also showed more optimism regarding their ability to buy big-ticket items. Conversely, households were less optimistic regarding their economic prospects as well as the country’s future economic situation.
Author: Ricardo Aceves, Senior Economist