Colombia: Consumer confidence hits highest reading since January 2020 in October; remains in negative territory
November 8, 2021
The Fedesarrollo consumer confidence came in at minus 1.3 in October, improving from September's minus 3.0. October's result marked the strongest sentiment since January 2020. Despite the uptick, the index still lies below the 0-point threshold, and indicated pessimism among consumers.
October’s improvement was largely due to consumers turning markedly less averse to large-ticket purchases compared to the prior month, and they also became less pessimistic over their situation compared to a year ago. That said, consumers’ optimism over the next 12-month period waned somewhat in October.