Mexico Consumer Confidence January 2021

Mexico

Mexico: Consumer sentiment firms marginally in January

February 8, 2021

Consumer confidence firmed slightly at the turn of 2021, with the seasonally-adjusted consumer confidence indicator published by the Statistical Institute (INEGI) coming in at 38.4 points in January, up from December’s 38.2 reading.

The uptick reflected an improvement in all but one of the indicator components. Households’ appraisal over their current financial situation and the current state of the economy strengthened the most. Moreover, consumers’ ability to purchase big-ticket items and assessment over the general economic environment in the year ahead improved slightly. Lastly, their views regarding their future financial situation weakened somewhat from the previous month.

Analysts participating in this month’s LatinFocus Consensus Forecast expect private consumption to grow 4.1% in 2021 and 2.9% in 2022.


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Mexico Consumer Confidence January 2021

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


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