Colombia: Consumer confidence rises in May
Latest reading: The Fedesarrollo consumer confidence index rose to 17.8 in May, following April’s 13.7. The latest reading was above the threshold of 0 that separates optimistic from pessimistic sentiment.
In May, consumers grew more positive about their economic situation and the country’s general economic condition in the coming 12-month period (+26.7 vs +19.9 in April). On the flipside, consumers grew less optimistic about their economic situation and country’s general condition compared to a year ago (+4.4 vs +4.5 in April).