Colombia: Consumer confidence index turns more pessimistic in April
Latest reading: The consumer confidence index deteriorated to minus 8.6 in April, down from March’s minus 7.1 and dipping further below the 0-point threshold, indicating pessimism among consumers. Looking at the details of the release, consumers became more pessimistic about the country’s future economic situation, outweighing a slightly less pessimistic view of the present.
Outlook: Consumer sentiment continued to deteriorate at the outset of Q2, hinting at persistent headwinds to private spending. Moreover, stubborn inflation and a loose labor market will likely continue to depress sentiment and households’ propensity to consume in mid-2025.