Colombia: Consumer confidence falls again in March
May 10, 2012
The Fedesarrollo index of consumer sentiment deteriorated for a second consecutive month in March, falling to 24.4 points from 26.8 points in February. That said, despite the deterioration, consumer sentiment remains 3.3 points above the level observed in the same month last year. The monthly deterioration was mainly driven by a decline in the economic conditions sub-index, which fell from 23.3 points in February to 19.0 points in March. Meanwhile the component reflecting consumer expectations experienced a milder deterioration, falling from 29.1 points in February to 28.0 points in March. That said, at the current level the consumer confidence index remains well above the 0-point threshold that separates pessimism from optimism, which bodes well for private consumption going forward.