Colombia: Consumer confidence falls in August but remains in optimistic territory
September 15, 2014
The Fedesarrollo consumer sentiment index fell from 26.7 points in July to 20.0 points in August, reaching the lowest value in four months. Nevertheless, the index is still well above the 0-point threshold that separates optimistic from pessimistic territory.
The monthly drop reflected a deterioration in consumers’ expectations regarding their future economic situations and—to a lesser extent—in consumers’ assessments regarding their current economic conditions. Consumers assessed their own economic situations less positively than last month and their expectations for the general economic conditions in the next year also worsened, but their willingness to purchase large-ticket items remained virtually unchanged over last month.