Mexico Consumer Confidence

Consumer Confidence in Mexico increased to 88.79 in March of 2014 from 84.52 in February of 2014. Consumer Confidence in Mexico is reported by the Instituto Nacional de Estadística y Geografía (INEGI). Consumer Confidence in Mexico averaged 96.50 from 2001 until 2014, 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 provides - Mexico Consumer Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
88.79 84.52 117.65 76.95 87.62 | 2014/06 2001 - 2014 Monthly
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Mexico Consumer Confidence
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2014-01-08 01:40 PM Mexico
Consumer Confidence
Dec 2013 89.7 88.67 92.1 89.76
2014-02-05 02:00 PM Mexico
Consumer Confidence
Jan 2014 84.5 89.7 88.0 89.68
2014-03-05 02:00 PM Mexico
Consumer Confidence
Feb 2014 84.5 84.5 83.0 89.45
2014-04-03 03:00 PM Mexico
Consumer Confidence
Mar 2014 88.8 84.5 85.2 86.12
2014-05-06 01:40 PM Mexico
Consumer Confidence
Apr 2014 88.8 88.15
2014-06-05 01:40 PM Mexico
Consumer Confidence
May 2014 87.37
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Consumer Last Previous Highest Lowest Forecast Unit
Consumer Spending 9464597.00 2013-11-15 9135382.00 9464597.00 4849603.00 10328359.24 2014-06-30 MXN Million [+]
Personal Savings 23.90 2012-12-31 24.20 25.70 21.70 23.69 2014-06-30 Percent [+]
Retail Sales MoM -0.30 2014-01-31 2.10 3.10 -3.65 0.23 2014-06-30 Percent [+]
Retail Sales YoY -0.30 2014-01-31 2.20 8.70 -6.50 0.95 2014-06-30 Percent [+]
Consumer Confidence 88.79 2014-03-15 84.52 117.65 76.95 87.62 2014-06-30 [+]
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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.


RELATED NEWS

Mexico Unemployment Rate Up to 4.8% in March  
Mexican unadjusted jobless rate rose to 4.8 percent in March of 2014, up from 4.65 percent in February and 4.51 percent a year earlier. Upon seasonal adjustment, the unemployment rate rose to its highest in more than one year to 5.25 percent.
Mexico Inflation Rate Decelerates in March  
Mexican annual consumer prices slowed for the second straight month to 3.76 percent in March of 2014, down from 4.23 percent in February. The inflation is now below the central bank’s 4 percent limit.
Mexico Trade Balance Returns to Surplus  
In February of 2014, Mexico posted a USD 976 million trade surplus, after recording in January the highest deficit on record. The figure compares with a USD 80 million surplus in the same month last year.
Mexico Unemployment Rate Falls in February  
Mexican jobless rate decreased to 4.65 percent in February of 2014 from 5.05 percent in January. A year ago, the unemployment rate was recorded at 4.85 percent.
Mexico Leaves Monetary Policy on Hold  
At its March 21st, 2014 meeting, Bank of Mexico left the overnight interbank rate steady at 3.5 percent for the third straight meeting, as it considers that the current policy stance remains appropriate to reach the 3 percent inflation target.
Mexico Inflation Rate Slows in February  
Mexican consumer prices rose by an annual 4.23 percent in February, down from 4.48 percent in January, as the effects of new taxes eased. A year earlier, the inflation was recorded at 3.55 percent.
Mexico Posts Record Trade Deficit in January  
In January of 2014, Mexican trade balance posted a USD 3.195 billion deficit, the highest trade deficit on record and mainly due to a fall in oil exports.
Mexico Unemployment Rate Rises in January  
In January of 2014, Mexican jobless rate edged up to 5.05 percent, after falling in December last year to a 5-year low at 4.25 percent.
Mexican Economy Slows in Q4  
Mexico’s GDP growth slowed in the last quarter of 2013 hurt by a drop in industrial production. The economy advanced a meager 0.2 percent on a quarter-on-quarter seasonally adjusted basis, down from a revised 0.95 percent growth rate in the previous three-month period.
Mexico GDP Growth Disappoints in Q4  
In the last three months of 2013, Mexican economy slowed for the second straight quarter expanding only 0.7 percent over a year earlier, hurt by lower production in agriculture and mining.
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