The Fedesarrollo index of consumer sentiment improved in September, rising from 18.1 points in August to 25.0 points, which represents the highest level seen in four months. As a result, consumer confidence is now 1.9 points above the level observed in the same month last year. The monthly increase in consumer sentiment reflects an improvement in both components of the index. The consumer expectations sub-index rose from 22.5 points in August to 27.8 in September, while the economic conditions sub-index reached 20.8 points, nearly doubling the 11.4 points recorded in the previous month. 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.
Colombia Consumer Confidence
Consumer confidence rebounds strongly in September
October 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 Central Bank’s (BanRep) efforts to fight inflation through tighter monetary policy seem to be finally paying off.