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Mexico Consumer Confidence February 2020

Mexico: Consumer sentiment inches down in February

Consumer confidence softened in February, with the seasonally-adjusted consumer confidence indicator published by the Statistical Institute (INEGI) coming in at 43.9, slightly below January’s revised 44.1 reading (previously reported: 44.2). Since August 2019, INEGI began reporting the indicator as a balance rather than as an index.

February’s result mainly reflected households’ gloomier assessment over their current financial situation and the general economic environment in the year ahead. Meanwhile, households retained their positive appraisal of the current state of the economy and of their outlook for their financial situation in 12 months’ time. Lastly, consumers’ perception over their ability to purchase big-ticket items improved for the third month running.

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