Puerto Vallarta News

Puerto Vallarta News

Mexico consumer confidence reaches highest level on record

Mexican consumer confidence rose in February for a third consecutive month, hitting its highest level on record, data from the national statistics agency showed on Tuesday.

Adjusted for seasonal swings, Mexico’s consumer confidence index rose to 119.9 in February from 113.2 in January, continuing the upward trajectory it has taken since President Andres Manuel Lopez Obrador took office in December.

The data offers some respite for the leftist Lopez Obrador after a spate of recent warnings from analysts and economists over the outlook for Latin America’s no. 2 economy.

Lopez Obrador has vowed to tackle poverty . . .

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