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.