Mexico Consumer Confidence August 2019

Mexico

Mexico: Consumer sentiment recovers slightly after five months of decline in August

September 6, 2019

Consumer confidence bounced back in August after five consecutive months of decline, with the seasonally-adjusted consumer confidence index published by the Statistical Institute (INEGI) coming in at 43.4 points, up slightly from 43.1 points in July. From August 2019 onwards, INEGI will start reporting the indicator as a balance rather than an index.

August’s climb was largely driven by consumers’ improved assessment over the current state of the economy and over their ability to buy big-ticket items. In addition, their outlook on the general economic situation in the year ahead ticked up. Meanwhile, households’ appraisal of their current and future financial situation inched down compared to July.

Analysts participating in this month’s LatinFocus Consensus Forecast expect private consumption to grow 1.3% in 2019, which is down 0.3 percentage points from last month’s forecast. For 2020, the panel sees private consumption growing 2.0%.


Author:, Economist

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Mexico Consumer Confidence August 2019

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


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