Mexico Consumer Confidence December 2019

Mexico

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.

Analysts participating in this month’s LatinFocus Consensus Forecast expect private consumption to grow 1.7% in 2020 and 2.3% in 2021.


Author:, Economist

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Mexico Consumer Confidence Chart


Mexico Consumer Confidence December 2019

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


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