Mexico Consumer Confidence December 2020


Mexico: Consumer sentiment rises in December

January 8, 2021

Consumer confidence rose in December last month’s slight dip, with the seasonally-adjusted consumer confidence indicator published by the Statistical Institute (INEGI) coming in at 38.1 points, up from November’s 36.7 reading.

The rise reflected an across-the-board improvement in the indicator components. Households’ appraisal over their current and future financial situation improved the most. Moreover, consumers were slightly less 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 was raised marginally from to the prior month.

Analysts participating in this month’s LatinFocus Consensus Forecast expect private consumption to grow 4.0% in 2021 and 2.9% in 2022.


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Mexico Consumer Confidence Chart

Mexico Consumer Confidence December 20 20

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

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