The Fedesarrollo index of consumer sentiment deteriorated for a second consecutive month in March, falling to 24.4 points from 26.8 points in February. That said, despite the deterioration, consumer sentiment remains 3.3 points above the level observed in the same month last year. The monthly deterioration was mainly driven by a decline in the economic conditions sub-index, which fell from 23.3 points in February to 19.0 points in March. Meanwhile the component reflecting consumer expectations experienced a milder deterioration, falling from 29.1 points in February to 28.0 points in March. That said, at the current level the consumer confidence index remains well above the 0-point threshold that separates pessimism from optimism, which bodes well for private consumption going forward.
Colombia Consumer Confidence
Consumer confidence falls again in March
May 10, 2012
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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.
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The Colombian economy continues to adjust to low oil prices two years after they first started to collapse.