|Unit||Index Jan 2003=100, NSA|
|Adjustments||Not Seasonally Adjusted|
|Source||Instituto Nacional de Estadística Geografia e Informática (INEGI)|
Consumer confidence survey for Mexico.
The source writes:
The National Survey on Consumer Confidence (ENCO) is carried out during the first 20 days of each month and is based on a sample of 2,336 urban households nationwide, which the informant interview, for which required to have at least 18 years of age.
The ENCO is collected in 32 cities covering all the states of the country and the confidence level of results is 90% with an expected maximum error of 15%. The information collected allows the estimation of the Consumer Confidence Index, which is both the view that the interviewee has this (compared to a reference point in the past) and his view of the future (compared with this point). This is an index with base equal to 100 in January 2003, which is averaging five partial indicators of which two refer to the current economic situation and expected household interviewed, two serving the current and expected economic situation of the country and the fifth index reflects how propitious moment to consider the purchase of consumer durables. In this way each of the partial indicators that comprise the Consumer Confidence Index is a weighted average of the results of the expanded response to each of the following questions:
In each of the first four questions the respondents have five response options: much better, better, equal, worse and much worse. The fifth question options are greater, equal and children. The weights used for each response option are:
Revisions are not expected.