Colombia Consumer Confidence October 2017

Colombia

Colombia: Consumer confidence dips in October

November 17, 2017

The Fedesarrollo consumer confidence index sank further into negative territory, dropping to minus 10.6 points in October from minus 10.3 points in September. The indicator has been below the zero-point threshold that separates pessimism from optimism among consumers since January 2016.

The downturn in sentiment was caused by a sharp fall in the propensity to purchase big-ticket items. Conversely, all other sub-categories registered an increase. Consumers’ perceptions regarding their current personal financial situation and general economic conditions in 12 months’ time improved marginally. Expectations of households’ economic situations over the next 12 months rose more notably; this was the only category in optimistic territory.

LatinFocus Consensus Forecast participants expect private consumption to expand 2.7% in 2018, which is down 0.1 percentage points from last month’s forecast. For 2019, the panel expects private consumption to increase 2.9%.


Author:, Economist

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Colombia Consumer Confidence October 2017 0

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


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