Mexico consumer confidence hits one-year high in July
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FILE PHOTO: An employee stacks cocoa sacks in La Giralda chocolate factory in Mexico City, Mexico, July 21, 2017. REUTERS/Edgard Garrido/File Photo
MEXICO CITY (Reuters) - Mexico’s consumer confidence index rose to its highest level in a year, official data showed on Thursday, helped by a recovery in the peso on fading fears of new U.S. tariffs on Mexican goods.
The seasonally adjusted consumer confidence index rose to 86.6 in July from 85.1 in June
Last month, the peso hit its strongest level in more than a year. U.S. President Donald Trump has moved away from threats to slap tariffs on Mexican-made goods and is set to start talks with Mexico and Canada to rework the NAFTA trade deal.
July's reading on the willingness of Mexicans to buy a big-ticket item like a TV or washing machine rose by nearly 4 percent from June. That reading sank by nearly 23 percent in January, when Trump took power and the peso hit a record low.
The unadjusted index rose to 88.7
(Reporting by Michael O'Boyle; Editing by Bernadette Baum and Meredith Mazzilli)
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