| Consumer Confidience in Mexico Unexpectedly Improves to 14-Month High RTTNews | |
| go to original December 5, 2014 |
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Mexico's consumer confidence improved in November to its highest level in more than a year, defying expectations for a second successive deterioration, survey figures from the statistical office INEGI showed Friday.
The consumer confidence index rose to 92.9 from 90.6 in October. Economists had expected a fall to 90. The latest score was the highest since September 2013, when the reading was 94.1.
Consumers' turned positive regarding the outlook for the personal economic situation in the next 12 months for the first time since October 2013. The reading rose to 101.3 from 98.5.
Their view on the future of the economy also improved, though they were less upbeat regarding the current situation compared to the previous 12 months.
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