Colombia Consumer Confidence June 2017

Colombia

Colombia: Consumer confidence climbs in June

July 14, 2017

The Fedesarrollo Consumer Confidence Index (ICC) rose from May’s minus 16.9 points to minus 11.7 points in June, continuing a broader trend of recovery that began in February—and was briefly interrupted in May—but still landing firmly below the 0-point threshold that separates pessimism from optimism among consumers.

Consumer confidence rose in June as perceptions of current economic conditions and expectations for future economic conditions improved in the month. Moreover, consumers’ willingness to buy housing and bigger-ticket durable goods also improved in the month.

LatinFocus Consensus Forecast participants expect total consumption to expand 2.0% in 2017, which is unchanged from last month’s forecast. For 2018, the panel expects total consumption to increase 2.8%.


Author:, Economist

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Colombia Consumer Confidence Chart


Colombia Consumer Confidence June 2017 1

Note: Index of consumer sentiment. Values above 0 indicate optimistic perception, below 0 indicate negative perception.
Source: Fedesarrollo.


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