Mexico consumer confidence hits record low as Trump looms

2/3/2017 Reuters

shopping in super marketMexico’s consumer confidence index fell to its lowest level on record in January, the government said on Friday, amid accelerating inflation and an uncertain economic outlook after Donald Trump became president of the United States.

When adjusted for seasonal factors, Mexican consumer confidence MXCONF=ECI slid 15.1 percentage points to 69.3 in January, the same month Trump took office threatening to scrap the North American Free Trade Agreement, build a Mexican-funded southern U.S. border wall and deport million of undocumented immigrants.

The January figure is the lowest the national statistics agency has recorded in the data series which began in 2001.

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