Colombia: Consumer confidence continues upward trajectory in November
December 15, 2014
The Fedesarrollo consumer sentiment index rose from 21.6 points in October to 24.7 points in November, reaching the highest point since July. As a result, the index moved further above the 0-point threshold that separates optimistic from pessimistic territory.
The monthly increase reflected an improvement in almost all of the sub-components that comprise the index. Consumers were particularly more optimistic regarding their future personal economic situations and the general economic climate. Consumers’ willingness to purchase large-ticket items was the only category that decreased compared to October.