Mexico: Consumer confidence slides in September
October 4, 2018
Consumer sentiment receded in September, with the seasonally-adjusted consumer confidence index published by INEGI ticking falling to 100.1 points from August’s revised 101.9 points (previously reported: 102.0 points). September’s result brought sentiment closer to the 100-point threshold, where it had been stuck until July for just over ten years.
Four of the index’s five components deteriorated in September, driving the fall in the index.
Mexico Private Consumption Forecast
Panelists participating in this month’s LatinFocus Consensus Forecast expect private consumption to grow 2.6% in 2018, which is unchanged from last month’s projection. For 2019, the panel sees private consumption expanding 2.5%.
Author: Christopher Thomas, Economist