Consumer confidence in Mexico rose sharply to 105.6 in December 2018 from a downwardly revised 99.3 in the previous month. It is the highest reading since August of 2007, amid a sharp increase in expectations for the next twelve months regarding the country's economic situation (124.9 from 110.1 in November) and household situation (112.0 from 105.2). Meantime, the current assessment improved for household situation (103.2 from 101.2), the country's economic situation (92.2 from 88.0) and big purchases (98.2 from 94.0). 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 94.76 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 69.19 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.