Mexico Consumer Confidence October 2020

Mexico

Mexico: Consumer sentiment improves for fifth month running in October

November 5, 2020

Consumer confidence continued to firm, albeit gradually, through October from May’s trough during the worst of the health crisis, with the seasonally-adjusted consumer confidence indicator published by the Statistical Institute (INEGI) coming in at 37.6 points, above September’s 36.3 reading.

The climb reflected an across-the-board improvement in the indicator components. Households’ appraisal over their current and future financial situation strengthened the most. Moreover, consumers’ assessment over the current state of the economy and the general economic environment in the year ahead as well as over their ability to purchase big-ticket items strengthened slightly compared to the prior month.

Analysts participating in this month’s LatinFocus Consensus Forecast expect private consumption to grow 3.7% in 2021 and 2.9% in 2022.


Author:, Economist

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Mexico Consumer Confidence October 20 20

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


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