UPDATE 1-Mexico consumer confidence dips off high in January

Wed Feb 6, 2013 9:57am EST

Related Topics

* Seasonally-adjusted reading slips off December peak

* Raw index rises to highest since March 2008

MEXICO CITY Feb 6 (Reuters) - Mexican consumer confidence slipped off of a nearly five-year high in January as shoppers in Latin America's second biggest economy showed less willingness to make big purchases.

The seasonally adjusted confidence index dipped to 98.3 last month from a downwardly revised 99.1 in December ,the national statistics agency said on Wednesday.

The fall followed a reading in December which touched the highest level since March 2008 before the global financial crisis pushed Mexico into recession.

Consumers' willingness to buy big-ticket durable goods fell 2.7 percent compared with December, dragging down the seasonally adjusted reading.

The unadjusted confidence index picked up to 100 in January , from 99 in December, to reach its highest since March 2008.

Mexico has so far weathered a global downturn better than many economies, buoyed by U.S. demand for its exports.

The central bank, which has kept interest rates on hold at 4.5 percent since mid-2009, has hinted that it may cut interest rates if inflation keeps trending down.

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