Mexico Consumer Confidence

Consumer Confidence in Mexico increased to 95.73 in April of 2013 from 95.38 in March of 2013. Consumer Confidence in Mexico is reported by the Instituto Nacional de Estadística y Geografía. Historically, from 2001 until 2013, Mexico Consumer Confidence averaged 96.93 reaching an all time high of 117.65 in August of 2001 and a record low of 76.95 in October of 2009. 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. This page includes a chart with historical data for Mexico Consumer Confidence.

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Consumer Confidence | Notes

Consumer confidence is an indicator designed to measure the degree of optimism that consumers feel about the overall state of the economy and their personal financial situation. How confident people are about stability of their incomes determines their spending activity and therefore serves as one of the key indicators for the overall shape of the economy. If consumer confidence is higher, consumers are making more purchases, boosting the economic expansion. On the other hand, if confidence is lower, consumers tend to save more than they spend, prompting the contraction of the economy.










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