Consumer confidence in Mexico rose to 119.9 in February 2019 from an upwardly revised 113.2 in the previous month. It was the highest reading since series began, as expectations for the next twelve months regarding the country's economic situation (134 from 128.7 in January) and household situation (115 from 112.2) increased. Also, the current assessment improved for household situation (108.6 from 106); and the country's economic situation (121.1 from 108.5) while deteriorated for purchases of durable goods (118.9 from 109). 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 94.97 Index Points from 2001 until 2019, reaching an all time high of 119.88 Index Points in February of 2019 and a record low of 69.26 Index Points in January of 2017.
Consumer Confidence in Mexico is expected to be 120.00 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 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.