Consumer confidence in Mexico deteriorated for the second consecutive month in June, contrary to economists' forecast for an improvement, data from a survey by statistical office INEGI and the Bank of Mexico showed Wednesday.
The consumer confidence index, on an unadjusted basis, decreased to 95.5 in June from 96.3 in May and 97.2 in April. Economists were looking for a reading of 97.7 for June.
Among components, the indicator of households' views of their present financial situation compared to that 12 months earlier improved to 96.9 in June from 95 in May. Consumers were, meanwhile, less optimistic about their personal finances in the next twelve months, with the relevant measure dropping to 101 in June from 101.2 in the previous month.
The sub-indicator that measures households' perceptions of Mexico's present financial situation came in at 95.7 during the month, up from May's reading of 94.7. Consumers were also more upbeat about the country's future economic situation. The corresponding sub-index increased to 102.8 in June from 101.1 in the preceding month, data showed.
by RTT Staff Writer
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