Mexico: Consumer confidence inches down in December
January 7, 2011
In December, the consumer confidence index (ICC, indice de Confianza del Consumidor) reached 91.2 points, which was broadly in line with market expectations, but still below the 100-point threshold that separates optimism from pessimism. In seasonally adjusted terms, the index fell 0.3% over the previous month. The December drop was mostly driven by a less upbeat assessment of the country's current economic situation. However, respondents were significantly more optimistic about their own households' economic situation. Regarding the economic outlook over the next 12 months, consumers were more optimistic about the overall developments of the national economy, but slightly less upbeat about their own households' situation.