LATAM - Primary Consumer Sentiment Index - April 2017

Argentina

The Argentina Primary Consumer Sentiment (“Consumer Confidence”) Index (“PCSI”) as measured by the Thomson Reuters/Ipsos PCSI for April,2017 is up 2.5 percentage points over last month.

The monthly PCSI result is driven by the aggregation of the four, weighted, sub-Indices:  the PCSI Employment Confidence (“Jobs”) Sub- Index which is up 1.2 points; the PCSI Economic Expectations (“Expectations”) Sub-Index which is up 3.6 points; the PCSI Investment Climate (“Investment”) Sub-Index which is up 2.4 points; and the PCSI Current Personal Financial Conditions (“Current Conditions”) Sub-Index which is up 2.3 percentage points over last month.

Brazil

The Brazil Primary Consumer Sentiment (“Consumer Confidence”) Index (“PCSI”) as measured by the Thomson Reuters/Ipsos PCSI for April,2017 is down 1.3 percentage points over last month.

The monthly PCSI result is driven by the aggregation of the four, weighted, sub-Indices:  the PCSI Employment Confidence (“Jobs”) Sub- Index which is down 0.1 points; the PCSI Economic Expectations (“Expectations”) Sub-Index which is down 2.8 points; the PCSI Investment Climate (“Investment”) Sub-Index which is down 1.6 points; and the PCSI Current Personal Financial Conditions (“Current Conditions”) Sub-Index which is down 1.2 percentage points over last month.

Mexico

The Mexico Primary Consumer Sentiment (“Consumer Confidence”) Index (“PCSI”) as measured by the Thomson Reuters/Ipsos PCSI for April,2017 is up 3.5 percentage points over last month.

The monthly PCSI result is driven by the aggregation of the four, weighted, sub-Indices:  the PCSI Employment Confidence (“Jobs”) Sub- Index which is up 2.2 points; the PCSI Economic Expectations (“Expectations”) Sub-Index which is up 0.3 points; the PCSI Investment Climate (“Investment”) Sub-Index which is up 5.8 points; and the PCSI Current Personal Financial Conditions (“Current Conditions”) Sub-Index which is up 5.7 percentage points over last month.