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Mexico Consumer Confidence November 2020

Mexico: Consumer sentiment retreats after five successive months of improvement in November

Consumer confidence retreated in November after five consecutive months of improvement, with the seasonally-adjusted consumer confidence indicator published by the Statistical Institute (INEGI) coming in at 36.7 points, down from October’s 37.6 reading.

The slip reflected an across-the-board deterioration in the indicator components. Households’ appraisal over their current and future financial situation weakened the most. Moreover, consumers were slightly more gloomy about the current state of the economy and the general economic environment in the year ahead. Lastly, their ability to purchase big-ticket items also weakened marginally from to the prior month.

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