Mexico Consumer Confidence

Mexico

Mexico: Mexico's consumers are more optimistic in June

July 7, 2015

Mexican consumers became more confident in June, for a second consecutive month. The unadjusted index of consumer confidence published by INEGI jumped to 94.7 points in June from 92.0 points in May and also overshot the 92.4 points the markets had expected. Adjusted for seasonality, the consumer confidence index increase 2.0% over the previous month, which was well above the 0.6% rise tallied in May.

June’s result was encouraging as analysts agree that the improvement helps to connect consumer fundamentals and consumer sentiment. The improvement was broad-based and reflected more consumers’ more positive opinions regarding their current economic situation and economic prospects. In addition, it reflected households’ more positive assessment regarding the country’s current economic situation and economic prospects. In addition, consumers showed more willingness to purchase buy big-ticket items in June.

LatinFocus Consensus Forecast panelists expect private consumption to grow 3.4% in 2015, which is down 0.1 percentage points from last month’s projections. For 2016, the panel sees private consumption expanding 3.6%.


Author:, Senior Economist

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Mexico Consumer Confidence Chart


Mexico Consumer Confidence June 2015

Note: Consumer Confidence Index (ICC, Indicador de Confianza del Consumidor). January 2003=100.
Source: Mexico National Statistics Institute (INEGI).


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