Colombia Consumer Confidence July 2022

Colombia

Colombia: Consumer confidence deteriorates in July

August 9, 2022

Consumer confidence fell to minus 10.4 in July from June's 2.9 according to a survey elaborated by Fedesarrollo. As a result, the index crossed the zero-point threshold separating optimism from pessimism among consumers.

The fall came on the heels of a deterioration in consumers' views of their economic situation and the country's general economic condition in the coming 12-month period. Moreover, willingness to buy housing, durable goods and vehicles decreased.

LatinFocus Consensus Forecast participants see private consumption expanding 6.9% in 2022, which is up 0.4 percentage points from last month’s forecast. In 2023, private consumption growth is seen at 2.1%.


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Colombia Consumer Confidence July 2022

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


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