Mexico: Consumer sentiment edges up in January
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.