The Consumer Confidence Index in Mexico stood at 44.2 points in November, a monthly decrease of 1.6 points and an annual drop of 3.5 points, according to INEGI. All five components of the indicator fell simultaneously in November, not only in the assessment of the present but also in terms of expectations, an uncommon situation that reinforces the idea of weaker sentiment among Mexican consumers. The strongest adjustment was seen in savings prospects, which fell by 2.9 points, and the outlook on the national economy, which retreated by 2.3 points in the month, while expectations for the next year decreased by 2.4 points. The Consumer Confidence Index, which reflects households' perception of their own economic situation and that of the country, as well as their expectations, fell again in November. Although it is the mildest monthly decline, it confirms the idea that consumers are postponing large purchases. The complementary indicators of the survey show the same trend. These variations explain much of the general index's decline and show that households are viewing the economic direction with greater concern. Consumption will be the main support for the economy in 2026, according to Barclays. The perception of the current economic situation of the household showed moderate declines both monthly, by 0.9 points, and for the next 12 months, which decreased by 1 point compared to October. The component that measures whether it is a good time to buy durable goods—such as appliances—also fell, with a decrease of 0.8 points. The expectation about the future behavior of prices fell by 1.6 points, and the perception of employment worsened, dropping by 1.1 points. Consumption is one of the most important components of GDP and is usually the engine that sustains activity when investment loses strength. Therefore, the simultaneous fall of all components of the CCI is concerning and contrasts with Barclays' view, which anticipates that the consumption sector will reach 2026 with resilience and growth close to 1% thanks to wages, lower rates, and the link with the United States.
