Mexico: Consumer confidence slips further in May
June 4, 2019
Consumer confidence fell again in May, with the seasonally-adjusted consumer confidence index published by the Statistical Institute (INEGI) coming in at 110.0 points, down from 112.8 points in April. By all accounts, May’s reading was still upbeat; the indicator remained comfortably above the 100-point threshold and signaled optimism.
Broadly, the index was held back by consumers’ growing anxieties over the state of the economy, although assessments of their personal finances also deteriorated from April.
Author: Christopher Thomas, Economist