Colombia: Consumer confidence improves again in October
November 14, 2013
The Fedesarrollo consumer sentiment index rose from 14.6 points in September to 22.3 in October. Consumer confidence is 3.3 points below the level recorded in September of last year, but remains above the 0-point threshold that separates optimistic from pessimistic territory.
The monthly improvement reflects an increase in both of the indicator's sub-indices. Consumers' views on economic conditions increased from 17.8 points in September to 24.1 points in October. Their expectations for consumption also improved markedly, rising from 12.6 points in September to 21.1 points in October.
LatinFocus Consensus Forecast participants expect total consumption to expand 4.1% this year, which is up 0.1 percentage points from last month's forecast. For next year, the panel expects total consumption to increase 4.4%, which is unchanged over the previous month's estimate.