UPDATE 1-Mexico consumer spending accelerated in Q3

* Consumer spending accelerates in Q3 from Q2

* Aggregate demand up 2.76 percent q/q in Q3

* Economists raising growth forecasts for 2011
(Adds background)

MEXICO CITY, Dec 21 (BestGrowthStock) – Mexican consumer spending
accelerated in the third quarter, bolstering an improving
outlook for the country’s economic recovery.

Private spending rose 1.87 percent during the third quarter
compared with the previous three-month period (MXPVSP=ECI: ), the
national statistics agency said on Tuesday. The third-quarter
gain compared with a downwardly revised 1.3 percent increase in
the second quarter.

Private spending in the most recent quarter was 5.0 percent
higher than during the same period a year earlier

Aggregate demand increased 2.76 percent from the previous
quarter (MXAGDM=ECI: ), and was up 9.3 percent from the same
quarter in 2009 (MXAGGD=ECI: ).

Several analysts have recently lifted their forecasts for
economic growth in Mexico next year, mostly due to a
brightening view on the United States, which absorbs roughly 80
percent of exports.

Goldman Sachs this week raised its growth outlook for next
year to 4.1 percent from 3.7 percent and lifted its 2012
forecast to 4.7 percent from the 4.0 percent increase
previously expected.

RBC Capital Markets also took a more positive view of
Mexican growth for next year, raising its forecast to 4.0
percent expansion from 3.2 percent.

“A combination of stronger U.S. growth, strong public
infrastructure investment and rebounding domestic consumer
spending underpin our more optimistic view,” researchers said
in a client note.
(Reporting by Patrick Rucker; Editing by Dan Grebler)

UPDATE 1-Mexico consumer spending accelerated in Q3