Mexico Consumer Confidence

Mexico

Mexico: Consumer confidence stable for the first time in six months

March 5, 2014

Sentiment among consumers finally stabilized in February after six consecutive months of decline, according to the INEGI's unadjusted index of consumer confidence. The indicator stabilized at the 84.5 points observed in January, which had marked the lowest level in more than three years. The subdued reading undershot the 85.0 points the market had expected. February's result showed that households were slightly more optimistic regarding both the current national economic situation and their own economic situations. In addition, consumers reported that they were more optimistic about their economic prospects. Conversely, the survey showed that consumers were less optimistic regarding the future of the country's economy as well as their ability to buy big-ticket items. LatinFocus Consensus Forecast panelists expect private consumption to grow 3.7% in 2014, which is unchanged from last month's projection. For 2015, the panel sees private consumption expanding 3.5%.


Author:, Senior Economist

Sample Report

Looking for forecasts related to Consumer Confidence in Mexico? Download a sample report now.

Download

Mexico Consumer Confidence Chart


Mexico Consumer Confidence February 2014

Note: Non-seasonally adjusted consumer confidence index (ICC, Indicador de Confianza del Consumidor). January 2003=100.
Source: Mexico National Statistical Institute (INEGI).


Mexico Economic News

  • Mexico: Consumer confidence hits decade-high following AMLO’s win

    August 3, 2018

    Consumer sentiment jumped in July on the heels of the 1 July general election, with the seasonally-adjusted consumer confidence index published by INEGI hitting a decade-high 101.7 points, up from a revised 88.6 points in June (previously reported: 88.0 points).

    Read more

  • Mexico: Banxico holds rates in August

    August 2, 2018

    At its 2 August monetary policy meeting, Banxico’s five-member board voted unanimously to hold the target rate at 7.75% after previously hiking rates ahead of the 1 July general election, a move broadly in line with market expectations.

    Read more

  • Mexico: Remittance inflows accelerate in June

    August 1, 2018

    Remittances totaled USD 3.1 billion in June (May: USD 3.2 billion), a robust 23.1% increase from the same month last year, accelerating from the revised 17.1% rise registered in May (previously reported: +19.8% year-on-year).

    Read more

  • Mexico: Growth disappoints in Q2 amid election-year challenges

    July 31, 2018

    A preliminary estimate for economic activity in the second quarter confirmed the challenges facing the economy in the run-up to the 1 July general election, with growth in the quarter coming up short against market expectations.

    Read more

  • Mexico: Trade deficit widens in June

    July 27, 2018

    Merchandise trade recorded a USD 0.9 billion deficit in June (May: USD 1.6 billion deficit), widening markedly from the USD 0.0 billion trade balance registered in June 2017.

    Read more

More news

Search form