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.
Author: Christopher Thomas, Economist