INEGI: Consumer Confidence in Mexico Rebounds Strongly in July RTTNews
go to original August 5, 2013

Mexico's consumer confidence rose sharply in July, after easing in May, data released by the statistical office INEGI showed on Monday.

The consumer confidence index jumped to 98.0 in July from 93.3 in June. There was improvement across the board with all component indexes rising.

Households' assessment regarding their own financial situation improved, with the corresponding index climbing to 99.3 from 94.2. Their expectations on the same rose and the relevant index increased to 103.8 from 98.9.

The indicator reflecting consumers' view on the country's economic situation rose to 99.8 from 95.6. The gauge for their expectations regarding the national economic situation in 12 months climbed to 102.4 from 99.

Consumers also judged the time to be favorable to make big-ticket purchases and the corresponding index surged to 84.4 from 78.5.

See the original at RTTNews

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