What: The Consumer Confidence Indicator reached an increase of 0.5 points in February and increased 1.7 points in comparison to February 2022.

Why it is important: The annual rate of the Consumer Confidence Indicator continues to rise annually in addition to seeing annual increases in almost all other components.

The National Survey on Consumer Confidence is carried out during the first 20 days of each month and is based on a sample of 2,336 households in Mexico.

February 2023 closed with an annual increase in almost all components of the Consumer Confidence Index, with the current economic situation of household members and of the country compared to 12 months ago growing.

Additionally, members of the household reported being more likely to purchase furniture or other household items in comparison to last year.

Consumer confidence in Mexico remains positive and accelerates in February