The Fedesarrollo index of consumer sentiment deteriorated in June, falling from 26.5 points in May to 20.6 points, the lowest level observed in eight months. As a result, consumer confidence is now 7.0 points below the level observed in the same month last year. The monthly result mainly reflected a sharp decline in the consumer expectations sub-index, which dropped from 34.1 points in May to 25.1 points in June. In addition, the economic conditions sub-index also deteriorated, falling from 15.1 points in May to 13.8 points. Despite the deterioration, 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 to lowest level in eight months
July 11, 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.
September 5, 2016
The Colombian economy continues to adjust to low oil prices two years after they first started to collapse.