August 3, 2017 / 1:50 PM / a year ago

UPDATE 1-Mexico consumer confidence hits one-year high in July

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    MEXICO CITY, Aug 3 (Reuters) - Mexico’s consumer confidence
index rose to its highest level in a year, official data showed
on Thursday, helped by a recovery in the peso on fading fears of
new U.S. tariffs on Mexican goods.  
    The seasonally adjusted consumer confidence index rose to
86.6 in July from 85.1 in June             , the national
statistics agency said. It was the highest reading since July
    Last month, the peso hit its strongest level in more than a
year. U.S. President Donald Trump has moved away from threats to
slap tariffs on Mexican-made goods and is set to start talks
with Mexico and Canada to rework the NAFTA trade deal.
    July's reading on the willingness of Mexicans to buy a
big-ticket item like a TV or washing machine rose by nearly 4
percent from June. That reading sank by nearly 23 percent in
January, when Trump took power and the peso hit a record low. 
     The unadjusted index rose to 88.7              during the
month, also a one-year high. 

 (Reporting by Michael O'Boyle; Editing by Bernadette Baum and
Meredith Mazzilli)
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