Mexico: Consumer optimism falls in September
October 3, 2013
The unadjusted index of consumer confidence published by the statistical institute (INEGI) fell from 97.4 points in August to 94.1 points in September. The moderation in consumer optimism exceeded market expectations of a drop to 96.4 points.
September's decline mainly reflects households' less optimistic perceptions of their current financial situations and of the country's overall economic situation. Households also felt less optimistic regarding their outlook on their economic prospects and the future state of the economy.
LatinFocus Consensus Forecast panelists expect private consumption to grow 2.8% this year, which is down 0.4 percentage points from last month's projection. For next year, the panel sees private consumption expanding 3.9%, which is down 0.2 percentage points from last month's estimate.
Author: Carl Kelly, Economist