Consumer Confidence in Mexico decreased to 99.6 in November 2018 from a downwardly revised 101.1 in the previous month. It is the lowest reading since June, as current assessment worsened for both the country's economic situation (87.8 from 89.3 in October) and household situation (101.6 from 102.4). Also, the willingness to make purchases for home declined (93.2 from 95.7). In addition, prospects for the next twelve months were less favorable regarding household situation (105.4 from 107.4), personal situation (107.4 from 108.3), the country's economic situation (110.1 from 110.9), savings capacity (107.4 from 108.4) and employment (118.6 from 120.2). On the other hand, year-ahead inflation expectations decreased to 101.6 from 103.5 in October. Consumer Confidence in Mexico averaged 94.70 Index Points from 2001 until 2018, reaching an all time high of 116.09 Index Points in August of 2001 and a record low of 69.60 Index Points in January of 2017.
Consumer Confidence in Mexico is expected to be 100.00 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 99.80 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.