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Survey: Mexican consumer sentiment during the coronavirus crisis

Mexican consumers remain concerned as COVID-19 progresses and are increasingly worried about the speed of Mexico’s economic recovery.

In Mexico, the prevailing sentiment is uncertainty about the economy and the length of the COVID-19 crisis. Many Mexicans believe the impact of COVID-19 on their routines and finances will continue to last for more than two months, causing them to cut back spending across all categories. Mexican consumers also remain concerned about the wellbeing and safety of their families. Most shopping categories have seen a shift toward online channels, although discretionary items are suffering across channels.

These exhibits are based on survey data collected in Mexico from May 22–31, 2020. Check back for regular updates on Mexican consumer sentiments, behaviors, income, spending, and expectations.

About the author(s)

Gonzalo Buisel, Ricardo Cota, and Miguel Suadi are all associate partners in McKinsey’s Mexico City office, where Javier Castillo, Javier Cerezo, and Alejandra Sánchez are consultants, Agustín Gutiérrez is a partner, Karina Huerta is a senior analyst, and Eduardo Malpica is a senior partner.

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