Consumer Confidence in Mexico

Index of Mexican consumer confidence, drawn from the joint INEGI-Banxico National Consumer Confidence Survey (ENCO). It captures households' perceptions of their current economic situation and their expectations.

Average of five ENCO components (households' present and future economic situation, the country's present and future situation and willingness to buy durable goods), based on a monthly sample of urban households, seasonally adjusted. Banxico republishes it in its public data portal (table CR354).

It anticipates the path of private consumption, the main driver of the Mexican economy. A rising reading points to stronger household spending and is supportive of growth; a sustained fall signals caution and slowdown, which Banxico watches when calibrating monetary policy.

It is a sentiment gauge, not actual spending: it measures perceptions that do not always translate into real consumption. It is sensitive to the exchange rate, inflation and the political climate, and subject to seasonal-adjustment revisions.