Mexico Consumer Confidence January 2020

Mexico

Mexico: Consumer sentiment edges up in January

February 7, 2020

Consumer confidence improved slightly at the outturn of 2020, with the seasonally-adjusted consumer confidence indicator published by the Statistical Institute (INEGI) coming in at 44.2 points in January, up from December’s 43.5 reading. Since August 2019, INEGI began reporting the indicator as a balance rather than as an index.

January’s result mainly reflected households’ more positive outlook regarding their financial situation and general economic environment in the year ahead. Similarly, households’ assessment over their current financial situation and the current state of the economy turned more positive in the month. Lastly, consumers’ appraisal over their ability to purchase big-ticket items improved.

Analysts participating in this month’s LatinFocus Consensus Forecast expect private consumption to grow 1.6% in 2020 and 2.1% in 2021.


Author:, Economist

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Mexico Consumer Confidence January 20 20

Note: Consumer Confidence Indicator (ICC, Índice de Confianza del Consumidor).
Source: Mexico National Statistics Institute (INEGI).


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