Consumer confidence in Mexico came in at 43.4 in December 2019, the same as in the previous month. Still, sentiment remained at the lowest level since July, as consumers' current opinion was less favourable regarding the country's economic situation (40.5 vs 41.0 in November) and household's situation (48.3 vs 49.1). Meanwhile, expectations improved slightly concerning the country's economic situation (48.1 vs 48.0) and household's situation (55.1 vs 55.0). At the same time, intentions to make purchases of durable goods went up (25.2 vs 24.1). Consumer Confidence in Mexico averaged 39.48 points from 2001 until 2019, reaching an all time high of 48.60 points in February of 2019 and a record low of 28.90 points in January of 2017. source: Instituto Nacional de Estadística y Geografía (INEGI)

Consumer Confidence in Mexico is expected to be 43.10 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in Mexico to stand at 45.00 in 12 months time. In the long-term, the Mexico Consumer Confidence is projected to trend around 46.50 points in 2020, according to our econometric models.

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Mexico Consumer Confidence

Actual Previous Highest Lowest Dates Unit Frequency
43.40 43.40 48.60 28.90 2001 - 2019 points Monthly
SA



Calendar GMT Actual Previous Consensus TEForecast
2019-10-03 11:00 AM Sep 44.7 43.6 43
2019-11-06 12:00 PM Oct 43.9 44.8 45.9 44.5
2019-12-05 12:00 PM Nov 43.5 43.9 43.2
2020-01-10 12:00 PM Dec 43.4 43.4 43.1
2020-02-07 12:00 PM Jan 43.4 43.4


News Stream
2019-12-05
Mexico Consumer Morale Deteriorates in November
Consumer confidence in Mexico decreased to 43.5 in November 2019 from 43.9 in the previous month. The current assessment for the country’s economic situation deteriorated (41.3 from 42.1 in October) and expectations regarding the country's economic situation (48.1 from 48.9) weakened. Also, intentions to make purchases of durable goods dropped (24.1 from 24.4). On the other hand, consumers' opinion about households’ current situation (49.2 from 48.8) and future situation (55.1 from 55) improved.

2019-11-06
Mexico Consumer Sentiment Deteriorates in October
Consumer confidence in Mexico fell to 43.9 in October 2019 from an upwardly revised 44.8 in the previous month and missing market expectations of 45.9. The current assessment for both the country’s economic situation (42.2 from 42.6 in September) and household situation (48.7 from 49.4) weakened. Also, expectations regarding the country's economic situation (49.1 from 50.6) and households’ situation (55 from 57) deteriorated; and intentions to make purchases of durable goods fell (24.4 from 24.5).

2019-10-03
Mexico Consumer Sentiment Rises to 5-Month High
Consumer confidence in Mexico increased to 44.7 in September 2019 from an upwardly revised 43.6 in the previous month. It was the strongest reading in five months, as the current assessment for the country’s economic situation (42.7 from 40.7 in August) and household situation (49.1 from 48) improved. Also, expectations regarding the country's economic situation (50.6 from 49) and households’ situation (56.9 from 55.7) strengthened; and intentions to make purchases of durable goods rose (24.5 from 24.4).

2019-09-05
Mexico Consumer Sentiment Improves in August
Consumer confidence in Mexico rose to 43.4 in August 2019 from 43.1 in the previous month. The current assessment improved for the country’s economic situation (40.3 from 39.7 in July) and expectations regarding the country's economic situation strengthened (48.5 from 48.4). Also, consumers were more likely to make purchases of durable goods (24.3 from 23.5). On the other hand, consumers' opinion about households’ current situation (47.8 from 48) and future situation (55.5 from 55.9) deteriorated. Starting from this month, INEGI and the Bank of Mexico will only release information on consumer confidence in the form of balances or indicators, stopping to update the information in terms of indices.

2019-08-05
Mexico Consumer Confidence at 8-Month Low
Consumer confidence in Mexico fell to 104.3 in July 2019 from a downwardly revised 106.0 in the prior month and well below market expectations of 109.1. It was the weakest reading since last November, as the current assessment deteriorated for the household situation (104.8 from 106.1 in June) and the country's economic situation (104.9 from 106.2). Meantime, consumers were less likely to make purchases of durable goods (95.6 from 99.1). Moreover, expectations regarding the household situation (108.1 from 108.4) and the country's economic situation (108.0 from 109.7) weakened.

2019-07-04
Mexico Consumer Morale at 6-Month Low in May
Consumer confidence in Mexico fell to 107.5 from a downwardly revised 109.3 in the previous month and compared with market expectations of 112.3. Expectations deteriorated regarding the household situation (109 from 110.4 in May) and the country's economic situation (111.3 from 115.8); and intentions to make purchases of durable goods dropped (100.4 from 106.4). On the other hand, the current assessment for the household situation (106.3 from 106.1) and the country's economic situation (108.3 from 106.9) improved.


Mexico Consumer Confidence
In Mexico, the Consumer Confidence Index (ICC) measures the current perception and future expectations that people have about their economic situation, their family and the country in general, in respect to the purchase of consumption durables and non-durables, as well as employment, inflation and savings. The index is based on a sample of 2336 households located in the 32 major cities of the country. The ICC has a base of 100 as of January of 2003, levels above 100 indicate optimism, 100 neutrality and below 100 pessimism.

Mexico Consumer Last Previous Highest Lowest Unit
Consumer Confidence 43.40 43.40 48.60 28.90 points [+]
Retail Sales MoM -2.30 1.10 4.10 -4.50 percent [+]
Retail Sales YoY 0.40 2.40 9.10 -6.60 percent [+]
Consumer Spending 12638007.00 12313193.00 12816062.00 6094259.00 MXN Million [+]
Personal Savings 21.20 21.50 25.70 19.80 percent [+]
Consumer Credit 1435102.90 1422145.20 1435102.90 41405.00 MXN Million [+]
Private Sector Credit 4907033926.00 4833589993.00 4907033926.00 458609006.00 MXN Thousand [+]
Gasoline Prices 1.03 0.99 1.05 0.32 USD/Liter [+]
Households Debt To GDP 16.30 16.30 16.30 7.70 percent of GDP [+]