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Friday, June 3, 2011

Rise in Mexican Consumer Confidence Index

(Reuters) - Mexico's consumer confidence index rose in May when adjusted for seasonal factors but remained well below pre-recession levels, underscoring persistent weakness in the economy.

The index climbed to 89.9 from a downwardly revised 89.2 a month earlier, the national statistics agency said on Friday. The reading was in line with a Reuters poll of analysts.

Before Mexico entered a recession in the second quarter of 2008, the index was running over 100.

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Source: Reuters.com

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