Mexico: Consumer sentiment ends 2012 at highest level in nearly five years
January 8, 2013
The consumer confidence index elaborated by the statistical institute and the Central Bank rose for a third consecutive month in December to 99.0 points. The figure came in above the 94.2 points recorded in November and represents the highest confidence level recorded since March 2008.
All the five sub-indices that compose the index improved over the previous month. Both the present assessment and short-term (12-months) expectations regarding the overall economic situation improved markedly. In particular, the expectations component reached its highest levels in over 5 years. That said, despite the monthly improvement, willingness to make major purchases continues to be the lowest ranked sub-index, sitting at 82.9 points.