Mexico Consumer Sentiment Weakens in September

Mexico’s consumer confidence fell 1.2 points to 45.1 in September 2026 from August, retreating from its highest level in a year, while sentiment remained negative. All five components deteriorated on the month. The sharpest decline was in households’ assessment of their current economic situation, which fell 1.9 points to 52. Expectations for households’ economic situation over the next 12 months dropped 1.5 points to 57.6. Assessments of the country’s current economic situation declined 1.3 points to 39, while expectations for the country’s economic outlook fell 0.9 point. Households’ willingness to purchase durable goods, such as furniture and appliances, dropped 0.5 point to 32. Year over year, consumer confidence declined 1.0 point.

Mexico’s consumer confidence rose 1.0 point to 46.1 in August 2026 from July, reaching its highest level in a year, although sentiment remained negative. All five components improved month-on-month. The strongest increase was in households’ assessment of their current economic situation, which rose 1.9 points to 53.9. Expectations for households’ economic situation over the next 12 months increased 1.6 points to 58.9, while the assessment of the country’s current economic situation rose 0.7 point to 40.1. Expectations for the country’s economic situation posted a marginal 0.1-point increase to 45.8. Meanwhile, households’ willingness to purchase durable goods, such as furniture and appliances, improved 1.1 points to 32.5. Year-on-year, consumer confidence was virtually unchanged.

Mexico's consumer confidence rose to 45 in July 2026 from 43.8 in June, the highest since October 2025, though sentiment remained negative. Households were more optimistic about their current financial situation, with the corresponding index edging up to 51.8 from 51.2, while perceptions of the current economic situation improved to 39.4 from 37.5 but remained pessimistic. Looking ahead, expectations for the economy over the next 12 months strengthened to 45.7 from 43.7, though they also stayed below 50. Expectations for households' future financial situation remained positive, rising to 57.1 from 56.4. Meanwhile, willingness to make major purchases improved to 31.1 from 30 but continued to signal weak spending intentions. Compared with July 2025, the headline consumer confidence index was 0.7 points lower.