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Mexican consumer confidence nears three-year low in November

Published 12/06/2016, 09:37 AM
Updated 12/06/2016, 09:40 AM
© Reuters. A shopper waits next to his cart with television screens and other items during a shopping season,

MEXICO CITY (Reuters) - Mexico’s consumer confidence fell to its lowest level in nearly three years last month when U.S. real estate mogul Donald Trump triumphed in U.S. presidential elections, the national statistics agency said on Tuesday.

Mexican consumer confidence <MXCONF=ECI> slid 0.8 percent to 84.9 in November when adjusted for seasonal factors, its lowest level since January 2014, as Mexicans became more pessimistic about their current and future economic prospects.

Mexico's peso took its biggest two-day tumble in more than 20 years following the surprise win for Trump, who has vowed to rework or scrap a regional free trade agreement and said he will make Mexico pay for a wall on the U.S. southern border.

© Reuters. A shopper waits next to his cart with television screens and other items during a shopping season,

In unadjusted terms, the consumer confidence index <MXCONC=ECI> fell to 84.4 percent.

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