Colombia Consumer Confidence

Colombia

Colombia: Consumer confidence falls to one-and-a-half-year low in February

March 13, 2015

The Fedesarrollo consumer sentiment index decreased from 17.9 points in January to 14.0 points in February, marking the lowest result since August 2013. Despite the fall, the index remained well above the 0-point threshold that separates optimistic from pessimistic territory.

The moderation reflected setbacks in all of the five sub-components that comprise the index. Consumers were more pessimistic regarding both their future personal economic situations and the general economic climate.

LatinFocus Consensus Forecast participants expect total consumption to expand 3.7% in 2015, which is unchanged from last month’s forecast. For 2016, the panel expects total consumption to increase 3.5%.


Author: Teresa Kersting, Economist

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Colombia Consumer Confidence Chart


Colombia Consumer Confidence February 2015

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


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