Mexico consumer confidence slips in Feb as expected

Reuters, 3/5/12

Mexican consumer confidence edged down in February as expected, data from the national statistics agency showed on Monday.

Adjusted for seasonal factors, the index showed a reading of 93.9, in line with the forecast of a poll of Reuters analysts. The indicator registered 94.0 in January. The unadjusted index declined to 93.6 from 95.4 in January, a bigger fall than the Reuters poll predicted. Economists forecast a reading of 95.2.

The Mexican economy is expected to slow somewhat this year from growth of just under 4 percent in 2011.

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