Mexico Consumer Sentiment and Business Confidence Update

Mexico's consumer confidence and manufacturing PMIs showed marginal improvements in June, although business confidence remains depressed. The aggregate business confidence index has now spent sixteen consecutive months in contractionary territory.

Key Takeaways

• 1.Mexico's consumer confidence index rose by 0.4pt to 43.8 in June, reflecting a broad-based improvement across components.
• 2.The aggregate business confidence index (IGOEC) remained at 48.2 in June, marking the sixteenth consecutive month below the 50-neutral threshold.
• 3.Manufacturing PMI signals were mixed but generally positive, with two of three indices returning to expansionary territory.

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