Consumer confidence in Mexico decreased to 110 in May 2019 from a downwardly revised 112.8 in the prior month, reaching its lowest level since December. Expectations for the next twelve months continued to decline regarding the household situation (110.7 from 113.1 in April) and the country's economic situation (117.1 from 121.9). In addition, the current assessment deteriorated for the household situation (106.2 from 107.6) and the country's economic situation (107.2 from 109.8). Also, intentions to make purchases of durable goods went down (108.2 from 111.4). Consumer Confidence in Mexico averaged 95.21 Index Points from 2001 until 2019, reaching an all time high of 119.35 Index Points in February of 2019 and a record low of 69.04 Index Points in January of 2017.
Consumer Confidence in Mexico is expected to be 114.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in Mexico to stand at 105.00 in 12 months time. In the long-term, the Mexico Consumer Confidence is projected to trend around 102.20 Index Points in 2020, according to our econometric models.