Colombia Consumer Confidence

Colombia

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.

LatinFocus Consensus Forecast participants expect total consumption to expand 4.9% in 2014, which is up 0.1 percentage points from last month’s forecast. For 2015, the panel expects total consumption to increase 4.5%.


Author: Teresa Kersting, Economist

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Colombia Consumer Confidence August 2014

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


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