The Consumer Confidence Indicator (ICC) in Mexico stood at 46.3 points in February 2025, which meant a decrease of 0.3 points per month , according to information from the National Institute of Statistics and Geography (Inegi) , published this Monday.
These figures show that consumer confidence fell again in the second month of this year, linking four months of decline , which shows a decline in the general perception of families about their economic situation and that of Mexico.
The Inegi report also noted that, in its annual comparison and with figures adjusted for seasonality, the ICC registered an annual drop of 0.8 points .
“In its interior, monthly declines were observed in the components that evaluate the current and expected economic situation of household members, as well as in those related to the current and future economic situation of the country. In contrast, the indicator that captures the current possibility of household members to make purchases of durable goods registered a monthly increase,” the organization indicated.
During February 2025, the indicator that measures consumers’ perception of the country’s economic situation today compared to 12 months ago decreased by 0.9 points .
Meanwhile, the component relating to the country’s expected economic condition in one year compared to the current one decreased by 0.4 points .
As for the current economic situation of household members compared to what they had 12 months ago, it fell by 0.2 percent .
In turn, the indicator that measures the expected economic situation of household members within 12 months, compared to the current one, also showed a decrease of 0.1 points .
The only item that increased was the current economic situation of household members compared to 12 months ago, for purchasing furniture, television, washing machine, and other household appliances, which increased by 0.6 points , Inegi said in its report.
The January slope, the new United States administration, headed by Donald Trump , and the uncertainty generated by the threat of 25% tariffs on various Mexican products, which remains latent although it was paused until April 2 for goods that are within the Treaty between Mexico, the United States and Canada (T-MEC) , have influenced the decline in consumer confidence during February.
According to a report by the financial institution Banamex , lower domestic consumption in the coming months could be one of the consequences of the tariff measure that the new government of our northern neighbor is seeking to impose on Mexico, which would aim to be inflationary .
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