Mexico: Consumer sentiment steady in December
January 10, 2020
Consumer confidence was unchanged in December, with the seasonally-adjusted consumer confidence indicator published by the Statistical Institute (INEGI) coming in at 43.4 points, matching November’s reading. Since August 2019, INEGI began reporting the indicator as a balance rather than as an index.
December’s result largely reflected households’ weaker assessment over their current financial situation and the current state of the economy offsetting their improved views over their financial situation and the general economic environment in the year ahead. Meanwhile, consumers’ appraisal over their ability to purchase big-ticket items improved in the final month of the year.
Author: Javier Colato, Economist