The start of President Claudia Sheinbaum's six-year term injected optimism into Mexicans in terms of their perception of the country's economy and their home, just in her first month in office. During October, the Consumer Confidence Indicator had an annual increase of 3.4 points, reaching 49.4, its highest reading since 2001, according to INEGI.
The greater optimism of Mexicans rests on expectations regarding the future of the country's and their family's economy, despite projections of lower growth in activity for the year 2025. In the expectation about the economic situation of the country anticipated in 12 months, there was an annual increase of 7.4 points, reaching 55.4 points in October, its best figure since March 2019.
The optimism was also reflected in the expected economic situation of household members in 12 months compared to the current one, with an annual increase of 3.6 points to reach 60.8 points, a new historic high. Additionally, Mexican consumers felt that the economic situation of the country today, compared to that of 12 months ago, is better, showing an increase of 2.6 points, reaching 46.2 points in October, the highest reading of this indicator.
Regarding household economics, the perception of the current economic situation compared to that of 12 months ago improved by 1.2 points, reaching 52.6 points, the best result in five months. Given the consumers' optimism, the current capabilities of household members to purchase furniture, televisions, washing machines, and other appliances rose by 1.9 points annually, reaching 31.6 points in October.
