UPDATE 1-Mexico March consumer confidence index rises

Wed Apr 4, 2007 4:00pm EDT
 
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MEXICO CITY, April 4 (Reuters) - Mexico's consumer confidence index MXCONC=ECI rose in March to 106.5, up from 103.6 in February, the government said on Wednesday.

The consumer confidence level fell 5.4 percent compared to the same month a year earlier, the government said, but it was up 2.8 percent from February.

The index showed more people expected their households to be more financially sound a year into the future than they did in February and more people felt able to buy big-ticket durable goods than the previous month.

Consumers were also much more confident than in February about the state of the economy and more respondents expected it would be on a better footing a year from now.

 
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