Mexico: Consumer confidence slips in July
August 5, 2014
Consumer confidence decreased somewhat in July after the indicator had reached its highest level in eight months in June. According to INEGI, the unadjusted index of consumer confidence inched down from 91.0 points in June to 90.5 points. July’s result represented the first fall in five months, and undershot the 93.0 points the market had expected.
According to INEGI, consumers were more pessimistic about their current and future economic situations. Conversely, they were less pessimistic about their ability to buy big-ticket items. Respondents to the July survey were more upbeat regarding the country’s current economic situation, while they were less optimistic about the country’s economic prospects.
Author: Ricardo Aceves, Senior Economist