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Colombia Consumer Confidence November 2020

Colombia: Consumer confidence improves for the seven-month running in November

The Fedesarrollo consumer confidence index, improved for the seventh consecutive month coming in at minus 13.6 in November, above October’s minus 18.6 and logging the best reading since February. Nonetheless, the index remained below the 0-point threshold and still indicated pessimism among consumers.

November’s improvement was largely driven by less pessimism among households towards purchasing big-ticket household items. Moreover, consumers turned optimistic over their current financial situation compared to a year ago, and became more confident with regards to their personal financial situation in the twelve coming months.

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