Colombia: Consumer confidence edges up in June
July 7, 2020
The Fedesarrollo consumer confidence index came in at minus 33.1 in June, up marginally from May’s minus 34.0 but still representing one of the worst readings on record. The index remains far below the critical zero-threshold separating pessimism and optimism among consumers after dropping sharply at the start of the coronavirus pandemic.
June’s uptick was largely due to consumers’ more positive assessments of the future economic situation. In contrast, their assessment of the current situation edged down.