Consumer Confidence Survey Overview
The National Consumer Confidence Survey (ENCO), published by Mexico’s Institute for National Statistics and Geography (INEGI), provides a snapshot of how Mexicans perceive their personal economy and future prospects.
Personal Financial Outlook
Mexican consumers exhibit a moderately optimistic view of their personal financial situation. The current economic status indicator stood at 50.4 points in September 2025, improving by 0.6 points from August and 0.3 compared to September 2024. Expectations for the next 12 months reflect increased confidence, with 58.0 points and monthly (+0.6) and annual (+1.2) increases.
Spending and Saving Constraints
Despite the positive outlook, current restrictions persist. The likelihood of purchasing essential items (clothing, food, footwear) was 44.7 points, with no monthly change but an annual increase of 0.8 points.
The ability to save remains low, at 39.0 points, with a slight decrease of 0.1 from August and no annual variation. Future saving conditions reached 52.8 points, with an annual increase of 1.9 points and a monthly decrease of 0.1.
The prospects for vacationing within the next 12 months are perceived as reduced, with 39.0 points, marking the largest monthly decline (-1.6).
Employment and Price Perception
Regarding employment, expectations for the next 12 months reached 47.5 points, with a monthly decrease of 0.2 and an annual decline of 2.1 points.
The expected behavior of prices (inflation) remains at very low levels, with 17.7 points, indicating concern over inflation. There was a slight monthly adjustment (+0.4) with no annual change.
Intentions to Purchase Durable Goods
Intention to acquire cars in the next two years remains low at 16.5 points, but shows monthly (+0.7) and annual (+1.9) advances.
In contrast, plans to purchase, build, or remodel a home fell to 20.0 points, losing 1.6 points from August and 0.2 compared to September of the previous year.
Key Questions and Answers
- Q: How do Mexicans view their personal economy? A: They exhibit moderate optimism, with a current status indicator of 50.4 points and rising expectations for the next 12 months at 58.0 points.
- Q: What are the spending and saving constraints? A: Consumers can afford essential items with a 44.7-point likelihood, but saving ability remains low at 39.0 points. Future saving conditions are slightly better at 52.8 points.
- Q: How do Mexicans perceive employment and prices? A: Employment expectations for the next 12 months are at 47.5 points, with concerns over inflation reflected in very low price behavior expectations at 17.7 points.
- Q: What are their intentions to purchase durable goods? A: Intention to buy cars is low but improving, while plans for housing have decreased.
These ENCO September 2025 results portray Mexican consumers as optimistic about their personal economy and future savings, despite ongoing consumption limitations and national concerns, particularly regarding employment and inflation.
