The uncertainty generated by Mexico’s economic situation and the tariff policy by the United States have affected the Consumer Confidence Indicator (ICC) , which in March 2025 stood at 46 points , representing a decrease of 0.3 points per month , according to information from the National Institute of Statistics and Geography (Inegi) .
Figures released Friday show that consumer confidence fell again in the third month of this year, marking a five-month decline , reflecting a decline in households’ overall perception of their economic situation and that of the country.
The Inegi report also indicated that, in its annual comparison and with seasonally adjusted figures, the ICC registered an annual drop of 1.3 units .
“Within the framework, monthly decreases were observed in the components that capture the expected economic situation of household members, as well as in those corresponding to the country’s current and future economic situation. Meanwhile, the indicators that assess the current economic situation of household members and the current ability of household members to purchase durable goods remained at a similar level to the previous month,” the agency stated.
In March 2025, the component that measures the current economic situation of household members compared to 12 months ago decreased by 1.3 pointscompared to the third month of 2024.
Meanwhile, the expected economic situation of household members in 12 months, compared to the current situation, decreased by 1.8 points annually. The country’s economic situation today, compared to 12 months ago, fell by 2 points annually during March of this year.
Meanwhile, the component that measures the country’s expected economic situation in 12 months, relative to the current situation, decreased by 1.6 units compared to March 2024.
Regarding household members’ current purchasing possibilities for furniture, televisions, washing machines, and other household appliances, compared to a year ago, the figure remained unchanged from the third month of last year.
The new US administration, led by Donald Trump , and the uncertainty generated by the string of tariffs imposed by the United States, have contributed to the decline in consumer confidence in March.
According to the financial institution Banamex , lower domestic consumption in the coming months could be one of the consequences of Trump’s tariffs, which are expected to be inflationary .
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