March 1, 2006
Convenience stores are multiplying across Mexico.A look at Mexico's hottest companies reveals a clear trend: This may be the year of the consumer. Retailers are going strong, aided by steady consumer confidence and increased purchasing power. Likewise, staples and even extras like beer are flying off the shelves. Construction is booming thanks to demand and the availability of credit, while high oil prices have flooded government coffers with cash for infrastructure projects.
Plus, stable economic conditions have given commercial banks incentives to lend, which has encouraged purchases of big-ticket items like cars and homes, and spurred growth for related products li
Economic growth, demand and the greater availability of credit are fueling consumer spending in Mexico. Sectors like retail and construction stand to benefit.