Last November, a downward trend in consumer confidence was recorded in Mexico, according to data from the National Institute of Statistics and Geography (Inegi) and the Bank of Mexico (Banxico) published this Friday.
According to the Consumer Confidence Indicator (CCI), a drop of 1.6 points was reported compared to October 2025, to stand at 44.2 points , which represented its third consecutive monthly decline.
The year-on-year decrease was more significant. Compared to November 2024, the decline was 3.5 units .
Within it, and with seasonally adjusted figures, monthly reductions were observed in the five components that make up the ICC , which reinforces the perception of economic uncertainty in the face of constant trade changes due to the escalation of tariffs.
Variations in the components of the ICC
Regarding the components of the Consumer Confidence Index (CCI), the largest monthly decrease was observed in the expected economic situation of the country in 12 months compared to the current situation , with a drop of 2.4 points. This was followed by the current economic situation of the country compared to that of 12 months ago , with a decrease of 2.3 points.
The expected economic situation of household members in 12 months compared to the current situation decreased by 1 point compared to October 2025.
The current economic situation of household members compared to that of 12 months ago registered a monthly decrease of 0.9 units, while the current possibilities of household members compared to those of a year ago to make furniture purchases fell by 0.8 units.
In its annual measurement, the components that showed the greatest decreases were the expected economic situation of the country within 12 months compared to the current one, with a decline of 8.2 points; as well as the economic situation of the country today compared to that of 12 months ago, with a decrease of 6.6 units.
November data from the ICC reflect a less confident outlook for the Mexican economy and suggest greater caution in Mexican household spending.
According to Inegi, it is important to measure the Consumer Confidence Indicator, since it allows us to know the perception of consumers about their current economic situation and that of the country, as well as their expectations.
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