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.