Colombia Consumer Confidence August 2020

Colombia

Colombia: Consumer confidence improves again in August but remains pessimistic

September 8, 2020

The Fedesarrollo consumer confidence came in at minus 25.4 in August, markedly above July’s minus 32.7. Nevertheless, the index remained below the 0-point threshold and still indicated pessimism among consumers.

August’s increase reflected a broad-based improvement across the indicator components. Notably, consumers’ assessment of their current financial situation turned less pessimistic, while households turned optimistic over the general economic situation in 12 months.

LatinFocus Consensus Forecast participants see private consumption falling 5.8% this year, which is down 1.2 percentage points from last month’s forecast. Next year, private consumption is seen rising 4.2%.


Author:,

Sample Report

Looking for forecasts related to Consumer Confidence in Colombia? Download a sample report now.

Download

Colombia Consumer Confidence Chart


Colombia Consumer Confidence August 20 20

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


Colombia Economic News

More news

Search form