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Mexico’s Consumer Confidence Slumps in November to 44.2, Biggest Monthly Fall Since 2021

Analysts warn the sustained slide threatens private spending, raising recession risk.

Overview

  • INEGI’s survey shows all five ICC components declined, signaling weaker views on conditions and purchases even during the Buen Fin shopping period.
  • The index fell 1.6 points from October and 3.5 points year over year, marking the 11th straight annual decline.
  • Employment expectations dropped 1.09 points on the month and 5.99 points on the year, extending a 12‑month streak of annual losses.
  • Households’ reported ability to save fell to 38.0, the steepest monthly slide among complementary indicators at minus 2.9 points.
  • Intentions for major purchases weakened, with plans to buy a car at 14.3 and to buy, build or remodel housing at 18.5, both lower month over month and year over year.