Colombia Consumer Confidence February 2019

Colombia

Colombia: Consumer confidence deteriorates in February

March 21, 2019

The Fedesarrollo consumer confidence index deteriorated in February, falling to minus 5.6 points from minus 2.8 points in January. Thus, the index moved further below the critical zero-point threshold separating optimism from pessimism among consumers, remaining entrenched in pessimistic territory.

All but one of the sub-components registered a decline. Consumers were more pessimistic about the current economic conditions and their personal finances compared to a year ago. They also held less favorable views over the economy’s prospects over the next 12 months and were less optimistic about their personal financial situation over the same period. Consumers’ propensity to purchase big-ticket items was the only category that saw an improvement.

Colombia Private Consumption Forecast


LatinFocus Consensus Forecast participants expect private consumption to expand 3.3% in 2019, which is up 0.1 percentage points from last month’s forecast. For 2020, the panel also expects private consumption to increase 3.3%.


Author:, Economist

Sample Report

Looking for forecasts related to Consumer Confidence in Colombia? Download a sample report now.

Download

Colombia Consumer Confidence Chart


Colombia Consumer Confidence February 2019

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


Colombia Economic News

More news

Search form