Credit growth may aid Mexican consumption - Goldman Sachs

Bnamericas Published: Tuesday, March 01, 2016

Strong levels of credit in Mexico should provide some support for growth in private consumption in the near term, but however, there are persistent headwinds against consumption, Goldman Sach analysts said in a note.

Consumer confidence, which is "still subdued," along with falling job creation and rising inflation may also add headwinds to private consumption, the analysts said.

Credit to the private sector rose 12.4% in real terms in January, up from growth of 11.7% in December and a 6.9% rise in the first half of 2015.

Consumer credit growth grew 8.9% in real terms in January, up from 2.7% in the same period of 2015. Corporate credit increased 15.8%, rising from 7.0% in January 2015, while mortgage credit grew 10.1%, up from 6.4% in 2015, Goldman Sachs added.



5TH Mexico Infrastructure Summit

Click here to see the agenda and speakers

4TH Mexico Oil & Gas Summit

Click here to see the agenda and speakers

Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.

Subscribe to Latin America’s most trusted business intelligence platform.

Other projects

Get key information on thousands of projects in Latin America, from current stage, to capex, related companies, key contacts and more.

  • Project: Vizcachitas
  • Current stage: Blurred
  • Updated: 1 day ago
  • Project: Vermelho
  • Current stage: Blurred
  • Updated: 1 day ago

Other companies

Get key information on thousands of companies in Latin America, from projects, to contacts, shareholders, related news and more.

  • Company: Morelco S.A.S.  (Morelco)
  • Morelco is an engineering and construction firm, part of CUMBRA, a company with a regional presence with 87 years of experience. The company provides construction and assembly s...
  • Company: Methanex Corp.  (Methanex)
  • Methanex Corp. is a Canadian producer and supplier of methanol incorporated in 1992. The Vancouver-based company has an extensive global supply chain and distribution network of...
  • Company: Lajes Logística S.A.  (Lajes Logística)
  • Lajes Logistica S.A. is a Brazilian logistics company controlled by Brazilian firm Sipasa Participações S.A (70%). In 2011 it obtained approval to build the Lajes port terminal ...
  • Company: Exploraciones Mineras Andinas S.A.  (EMSA)
  • Exploraciones Mineras Andinas S.A. (EMSA) provides mining exploration services to the state-owned Chilean miner Corporación Nacional del Cobre (Codelco). Incorporated in 2004, t...