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Mexico consumer confidence rebounds in January

Despite a deep slump in the peso, domestic spending has underpinned economic growth in Mexico as industry has slid on weaker U.S. demand for Mexican exports and tumbling oil prices.

(Photo: Archive)
English 06/02/2016 11:20 Reuters Actualizada 11:20

Mexican consumer confidence rose in January, rebounding after a fall in December and pointing to steady consumer spending in Latin America's second-largest economy.

When adjusted for seasonal swings, the index rose 1.0 percent last month to 93.3, the national statistics agency said on Friday.

Despite a deep slump in the peso, domestic spending has underpinned economic growth in Mexico as industry has slid on weaker U.S. demand for Mexican exports and tumbling oil prices.
 

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