Consumer confidence in Mexico rose to 43.4 in August 2019 from 43.1 in the previous month. The current assessment improved for the country’s economic situation (40.3 from 39.7 in July) and expectations regarding the country's economic situation strengthened (48.5 from 48.4). Also, consumers were more likely to make purchases of durable goods (24.3 from 23.5). On the other hand, consumers' opinion about households’ current situation (47.8 from 48) and future situation (55.5 from 55.9) deteriorated. Starting from this month, INEGI and the Bank of Mexico will only release information on consumer confidence in the form of balances or indicators, stopping to update the information in terms of indices. Consumer Confidence in Mexico averaged 95.29 Index Points from 2001 until 2019, reaching an all time high of 119.20 Index Points in February of 2019 and a record low of 69 Index Points in January of 2017.
Consumer Confidence in Mexico is expected to be 101.80 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 106.00 in 12 months time. In the long-term, the Mexico Consumer Confidence is projected to trend around 107.00 Index Points in 2020, according to our econometric models.