Mexico: Consumer confidence recovers to pre-crisis levels
February 6, 2013
In January, the unadjusted index of consumer confidence published by the statistical institute (INEGI) edged up to 100.0 points from 99.0 points in December. The figure marks the highest confidence level recorded since March 2008. Compared to the same month last year, the index was 4.8% higher, which, nevertheless, came in below the robust 9.0% rise seen in December.
Three out of the five sub-categories that compose the index improved over December, particularly households' assessment of their own current situation compared to last year. In contrast, consumers' view of the overall economy for the next 12 months deteriorated a notch.
A month-on-month comparison does not corroborate the improvement suggested by the annual figures, as consumer sentiment dropped 0.8% in seasonally adjusted terms, which contrasted the 2.1% increase seen in December.