Colombia: Consumer confidence improves further in June, but remains in pessimistic territory
July 18, 2016
The Fedesarrollo consumer sentiment index ticked up from May’s minus 12.5 points to minus 11.3 points in June. Despite the improvement, the index is still far below the 0-point threshold that separates optimistic from pessimistic territory. Confidence sank into pessimistic territory in January when it fell by over 20 points as consumers became very concerned about Colombia’s present and expected future economic conditions.
June marks the sixth consecutive month that the index has been in negative territory though it has been recovering steadily since January’s sharp drop. An improvement in households’ perceptions of current economic conditions compared to a year ago was behind June’s result, while consumers’ expectations for Colombia’s future economic conditions deteriorated.
Author: Robert Hill, Economist