Colombia Consumer Confidence October 2020

Colombia

Colombia: Consumer confidence improves for sixth consecutive month in October

November 6, 2020

The Fedesarrollo consumer confidence improved for the sixth month running in October, coming in at minus 18.6, above September´s minus 21.6. That said, the index remained below the 0-point threshold and still indicated pessimism among consumers.

October´s improvement was driven by less pessimism among households over their current financial situation compared to a year ago and towards purchasing big-ticket household items. That said, consumers turned less optimistic with regards to their personal financial situation in the twelve coming months.

LatinFocus Consensus Forecast participants see private consumption expanding 5.1% in 2021, which is up 0.1 percentage points from last month’s forecast. Next year, private consumption growth is seen at 4.0%.


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Colombia Consumer Confidence October 20 20

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


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