Colombia Consumer Confidence July 2017

Colombia

Colombia: Consumer confidence hits highest level so far this year in July

August 16, 2017

The Fedesarrollo Consumer Confidence Index (ICC) rose from minus 11.7 points in June to minus 9.5 points in July, the highest figure so far this year. The reading, however, still lies firmly below the 0-point threshold that separates pessimism from optimism among consumers.

The rise in consumer confidence in July resulted from an improvement in consumers’ expectations for future economic conditions and came about despite a deterioration in consumers’ perceptions of current economic conditions. Moreover, consumers’ willingness to buy housing and big-ticket durable goods also improved.

LatinFocus Consensus Forecast participants expect private consumption to expand 1.9% in 2017, which is unchanged from last month’s forecast. For 2018, the panel expects private consumption to increase 2.7%.


Author:, Economist

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Colombia Consumer Confidence July 2017 6

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


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