UPDATE 1-Mexico consumer confidence slips in November

* November consumer confidence 88.5; poll was 90.1

* Seasonally adjusted confidence 90.4 from 91.5 in October
(Recasts, adds background)

MEXICO CITY, Dec 3 (BestGrowthStock) – Consumer confidence slipped
in Mexico last month, casting doubt on whether domestic demand
can help lift Latin America’s second-largest economy in the
near term.

Mexico’s consumer confidence index (MXCONC=ECI: ) fell in
November to 88.5 from 89.2 in October, defying expectations of
a rise, the national statistics agency said on Friday.

Analysts in a Reuters poll had forecast the index would
rise to 90.1.

At the same time, seasonally adjusted consumer confidence
(MXCONF=ECI: ) fell to 90.4 from 91.5 in October.

Mexico’s economic fate is closely tied to the United States
which absorbs 80 percent of exports and weakness north of the
border has hit the local economy. Mexico will need solid
consumer spending to lift the economy if the U.S. economy
remains weak for a prolonged period of time.
(Reporting by Patrick Rucker, Editing by Chizu Nomiyama)

UPDATE 1-Mexico consumer confidence slips in November