Consumer durables and retail in Mexico

Consumer credit lending stopped falling - after 22 months of contraction - and is expected to increase again. Therefore, Crédito y Caución expects a further improvement in this sector.
Madrid - 02-dez-2010

How has the consumer durables/retail sector performed in the last six months?

In the period January-August 2010 the sales trend for self service, department and specialized stores in Mexico was positive, with an 8.9% increase year-on-year. These results were driven mainly by the department stores, which increased their sales 14.7% and 11.5% for same-store sales [SSS]. The Mothers day festivities and pre-World Cup purchases helped to boost the results. In terms of type of merchandise, clothing/shoes [+11.9% year-on-year total sales / +8.3% SSS], and general merchandise [+10.1% / +5.7%] have registered higher increases than groceries [+7.7% / +0.8%].

What is the current trend in payment delays, payment defaults and insolvencies?

We have not registered many payment delays in this sector. However, many companies selling consumer durables had a hard time last year, as their debtors were not paying on time and thus causing higher overdue account ratios, with a consequent deterioration in cash flow. Any suppliers who had a concentrated portfolio by region or social level would have had serious problems generating cash.

What is Crédito y Caucions short term outlook for the consumer durables/retail sector?

The consumer confidence index [CCI] rose to 91.6 points in September, the highest level since May 2008, when it was at 94.2 points.

This improvement is driven by consumers´ sentiment that the Mexican economic performance and their own financial situation will be better in 12 months time. However, consumers confidence is still below pre-crisis levels because, while they expect an improved situation in the future, consumers are still cautious about how to spend their income. Another positive indicator is that, in September, consumer credit lending stopped falling - after 22 months of contraction - and is expected to increase again in the coming months. Therefore, Crédito y Caución expects a further improvement in this sector.

Mantenha-se informado. Receba a nossa Newsletter

Esta pagina web utiliza cookies

Utilizamos cookies de terceiros para fins analíticos (produzindo estatísticas baseadas nos seus hábitos de navegação), personalização (para lembrar o idioma ou as configurações preferidas da web) e publicidade comportamental (para desenvolver perfis e oferecer publicidade adaptada às suas preferências de navegação). Poderá configurar o uso desta tecnologia. Poderá também modificar ou retirar o seu consentimento a qualquer momento, clicando em "Declaração de Cookies".

 

Marketing

Os cookies de marketing são utilizados para rastrear os visitantes dos sites. A intenção é exibir anúncios que sejam relevantes e atraentes para o utilizador individual e, por conseguinte, mais valiosos para os editores e anunciantes terceiros.

Necessárias

Os cookies necessários ajudam a tornar um site utilizável, ativando funções básicas como navegação na página e acesso a áreas seguras do site. O website não pode funcionar corretamente sem estes cookies.

Estadísticas

Os cookies estatísticos ajudam os proprietários dos sítios Web a compreender como os visitantes interagem com o sítio Web, recolhendo e fornecendo informações de forma anónima.

Preferências

Os cookies de preferências permitem que o site se lembre de informações que alteram a forma como o site se comporta ou é apresentado, tais como o seu idioma preferido ou a região em que se encontra.

Cookies de mapa

Os cookies de mapa permitem que a página salve informações sobre seleções no mapa