BMI View: BMI projects Mexican consumer electronics spending will grow by about 7% in US dollar terms in 2013, to US$13.9bn. In 2013, despite a mixed economic outlook, Mexican consumers are expected to continue to spend on flat-panel TV sets, tablet PCs and smartphones. A new government reform bill introduced in March 2013 would, if implemented, provide a stimulus to demand by opening up Mexico’s broadcasting and telecoms sectors to more competition. While we remain optimistic toward Mexico’s growth story over the medium term, Mexican private consumption weakened in H212 due to a weaker manufacturing sector and high inflation, and …
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