Colombia Consumer Confidence


Consumer confidence falls to lowest level in over a year

The Fedesarrollo index of consumer sentiment deteriorated in August, falling from 23.2 points in July to 18.1 points, which represents the lowest level seen in 15 months. As a result, consumer confidence is now 6.8 points below the level observed in the same month last year. The monthly drop in consumer sentiment reflected a deterioration in both components of the index. The consumer expectations sub-index fell from 28.0 points in July to 22.5 points in August, while the economic conditions sub-index reached 11.4 points, down from the 15.9 points recorded in the previous month. Nevertheless, at the current level, the consumer confidence index still remains well above the 0-point threshold that separates pessimism from optimism, which bodes well for private consumption going forward.


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