Mexico Consumer Confidence April 2019

Mexico

Mexico: Consumer confidence ticks down in April, remains upbeat

May 8, 2019

Consumer confidence eased further in April, with the seasonally-adjusted consumer confidence index published by the Statistical Institute (INEGI) coming in at 113.8 points, down from 115.9 in March. By all accounts, April’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’ anxieties over the state of the economy, while assessments of their personal finances were broadly unchanged from March.

Analysts participating in this month’s LatinFocus Consensus Forecast expect private consumption to grow 2.1% in 2019, which is down 0.2 percentage points from last month’s forecast. For 2020, the panel sees private consumption growing 2.2%.


Author:, Economist

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Mexico Consumer Confidence April 2019 0

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


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