Mexico Consumer Confidence May 2019

Mexico

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.

Analysts participating in this month’s LatinFocus Consensus Forecast expect private consumption to grow 2.1% in 2019, which is unchanged from last month’s forecast. For 2020, the panel sees private consumption growing 2.4%.


Author:, Economist

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Mexico Consumer Confidence May 2019

Note: Consumer Confidence Index (ICC, Índice de Confianza del Consumidor). January 2003 = 100.
Source: Mexico National Statistics Institute (INEGI).


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