Colombia Consumer Confidence

Colombia

Colombia: Consumer confidence continues on upward trend in June

July 11, 2014

The Fedesarrollo consumer sentiment index rose from 23.3 points in May to 26.6 points in June, reaching the highest value in five months. As a result, the index is now further above the 0-point threshold that separates optimistic from pessimistic territory.

The significant monthly increase reflected strong improvements in both consumers’ expectations for their future economic situations and in their assessments regarding their current economic conditions. Above all, households’ expectations for the general economic situation in the next 12 months improved over last month and consumers were also more willing to purchase large-ticket items.

LatinFocus Consensus Forecast participants expect total consumption to expand 5.1% in 2014, which is up 0.6 percentage points from last month’s forecast. For 2015, the panel expects total consumption to increase 4.2%.


Author: Teresa Kersting, Economist

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Colombia Consumer Confidence Chart


Colombia Consumer Confidence June 2014

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


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