Mexico Food and Drink Report - Q4 2014

Business Monitor International
September 10, 2014
174 Pages - SKU: BMI5325638
Countries covered: Mexico

Mexico Food and Drink Report - Q4 2014

BMI View: Several factors lead us to believe that the consumer sector in Mexico is past its worst and thathousehold spending growth will accelerate in the coming months. First, sustained upticks in consumerconfidence in March, April, May and June are strong evidence that households are rapidly adapting theirspending patterns to the new taxes. Secondly stronger manufacturing activity, a key generator ofemployment, will also support greater private consumption growth in the coming quarters. We forecast realprivate consumption growth to accelerate to 3.1% in 2014 and 3.7% in 2015, up from 2.5% in 2013. Wealso forecast real GDP growth to accelerate to 3.3% in 2014, from 1.1% in 2013, due to significantlystronger economic activity in H214.

Headline Industry Data (local currency)

2014 per capita food consumption = +10.0%; forecast 2013 to 2018 = +27.4%

2014 alcoholic drink sales = +7.8%; forecast 2013 to 2018 = +45.9%



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