Consumer confidence in Mexico increased to 112 in January 2019 from an upwardly revised 106.6 in the previous month. It was the highest reading since August 2001, as the current assessment improved for household situation (105.7 from 103.4 in December); the country's economic situation (107 from 93.3) and purchases of durable goods (106.9 from 101.2). Also, expectations rose for the next twelve months regarding the country's economic situation (127.4 from 125.4) while concerning household situation deteriorated (111.5 from 112.2). The consumer confidence has stayed above 100, the level not seen since 2008, since the leftist López Obrador won Mexico's presidency in July 2018, pledging to attack inequality, corruption and fight rising crime through economic development. Consumer Confidence in Mexico averaged 94.85 Index Points from 2001 until 2019, reaching an all time high of 116.09 Index Points in August of 2001 and a record low of 68.97 Index Points in January of 2017.
Consumer Confidence in Mexico is expected to be 101.20 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 100.30 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.