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.
Author: Nihad Ahmed, Economist