LATAM - Primary Consumer Sentiment Index - February 2017

Argentina

The Argentina Primary Consumer Sentiment (“Consumer Confidence”) Index (“PCSI”) as measured by the Thomson Reuters/Ipsos PCSI for February,2017 is up 1.9 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 2.3 points; the PCSI Economic Expectations (“Expectations”) Sub-Index which is up 3.5 points; the PCSI Investment Climate (“Investment”) Sub-Index which is up 0.8 points; and the PCSI Current Personal Financial Conditions (“Current Conditions”) Sub-Index which is down 0.4 percentage points over last month.

Brazil

The Brazil Primary Consumer Sentiment (“Consumer Confidence”) Index (“PCSI”) as measured by the Thomson Reuters/Ipsos PCSI for February,2017 is up 0.2 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 1.5 points; the PCSI Economic Expectations (“Expectations”) Sub-Index which is up 0.5 points; the PCSI Investment Climate (“Investment”) Sub-Index which is up 0.6 points; and the PCSI Current Personal Financial Conditions (“Current Conditions”) Sub-Index which is equal to last month.

Mexico

The Mexico Primary Consumer Sentiment (“Consumer Confidence”) Index (“PCSI”) as measured by the Thomson Reuters/Ipsos PCSI for February,2017 is down 1 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 2 points; the PCSI Economic Expectations (“Expectations”) Sub-Index which is up 1.1 points; the PCSI Investment Climate (“Investment”) Sub-Index which is down 1.4 points; and the PCSI Current Personal Financial Conditions (“Current Conditions”) Sub-Index which is down 1.2 percentage points over last month.