In January 2025, the Consumer Confidence Indicator (ICC) in Mexico stood at 46.7 points , which meant a decrease of 0.3 points per month , according to information from the National Institute of Statistics and Geography (Inegi) .
The figures show that consumer confidence fell again in the first month of this year, as the indicator recorded three consecutive months of declines .
The Inegi report indicated that, in its annual comparison and with figures adjusted for seasonality, the ICC registered an annual drop of 0.4 points .
“Monthly reductions were observed in the components that capture the expected economic situation of household members, the current and future economic situation of the country, as well as in the component related to the current possibility of household members to make purchases of durable goods. The indicator corresponding to the current economic situation of the household showed a monthly increase,” the agency indicated.
During January 2025, the indicator that measures consumers’ perception of the country’s economic situation today compared to 12 months ago decreased by 0.2 points .
Meanwhile, the component relating to the country’s expected economic condition in one year compared to the current one decreased by 0.9 points . In turn, the indicator that measures the expected economic situation of household members in 12 months, compared to the current one, also showed a decrease of 0.6 points .
The only category that saw an increase was the current economic situation of household members compared to 12 months ago, with 0.3 points , Inegi said in its report.
The political environment in the United States, which seeks to impose a protectionist economy by charging tariffs on partner countries of the Treaty between Mexico, the United States and Canada (T-MEC) , as well as the January slope, are some of the factors that have influenced the decrease in consumer confidence.
According to a report by the financial institution Banamex , the tariff measure that the new government of our northern neighbor is seeking to impose on Mexico would aim to be inflationary , which could lead to lower domestic consumption in the coming months, if it comes into effect.
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