The Fedesarrollo consumer sentiment index fell from 26.6 points in January to 15.7 in February, which marked the lowest level in five months. Nevertheless, the index is still well above the 0-point threshold that separates optimistic from pessimistic territory. The monthly deterioration mostly reflects a sizeable fall in consumer expectations, as households were substantially more pessimistic regarding their economic conditions and the general economic situation for the next 12 months. Consumers' views on the current economic conditions also deteriorated in February, mainly due to increasing pessimism regarding their economic situations at present and their ability to purchase big-ticket items. LatinFocus Consensus Forecast participants expect total consumption to expand 4.4% in 2014, which is unchanged from last month's forecast. For 2015, the panel expects total consumption to increase 4.5%.
Colombia Consumer Confidence
Consumer confidence deteriorates sharply in February
March 13, 2014
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Colombia Consumer Confidence Chart
Note: Index of consumer sentiment. Values above 0 indicate optimistic perception, below 0 indicate negative perception.
Colombia Economic News
October 7, 2016
In what was a narrow and shocking result, Colombians rejected the peace agreement between the government and the FARC at the 2 October referendum.
September 30, 2016
In August, exports grew 7.0% over the same month last year, which sharply contrasted the 27.3% plunge recorded in July.
September 30, 2016
The seven-member board of the Central Bank (BanRep) unanimously decided to keep the reference interest rate unchanged at 7.75% at its 30 September monetary policy meeting.
September 16, 2016
Industrial production unexpectedly shrank 6.2% annually in July, which contrasted the 6.7% increase seen in June.
September 5, 2016
The Colombian economy continues to adjust to low oil prices two years after they first started to collapse.