Mexico: Consumer sentiment remains unchanged in February
March 4, 2011
In February, the index of consumer confidence (ICC, indice de Confianza del Consumidor) was unchanged at January's 92.3 points, surprising market analysts that had the index falling to 91.7 points. Although the index remains below the 100-point threshold that separates optimism from pessimism, confidence remains at the highest level recorded since May 2008. In seasonally adjusted terms the index increased a robust 1.6% over the previous month. Consumers were more upbeat regarding the current state of the country compared to a year ago (+6.0% month-on-month). In addition, consumers were more optimistic about their intentions to make purchases of durable consumer goods, despite being less optimistic regarding their own households' present situation.