Consumer Confidence in Mexico July 2022

Consumer confidence fell to 41.3 in July from 43.0 in June. The July result was the worst reading since March 2021, and it comes in the context of rising inflation and interest rates, and growing fears of a recession in the United States, and therefore, the index remained entrenched below the 50-point threshold, indicating continued pessimism among consumers.

The flagship publication reflected a deterioration in consumer sentiment regarding key purchases, the general economy and their financial conditions.

Committee members involved in the LatinFocus Consensus Forecast expect private consumption to increase 2.6% in 2022, 0.4 percentage points higher than last month’s forecast, and 1.9% in 2023.

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