Colombia Consumer Confidence July 2020

Colombia

Colombia: Consumer confidence improves in July but remains pessimistic

August 6, 2020

The Fedesarrollo consumer confidence came in at minus 32.7 in July, up mildly from June's minus 33.1. Consequently, the index remained below the 0-point threshold and still indicated pessimism among consumers.

July’s uptick was due to consumers’ less pessimistic assessment of the current economic situation, while their views on the future situation deteriorated.

LatinFocus Consensus Forecast participants see private consumption falling 4.6% this year, which is unchanged from last month’s forecast. Next year, private consumption is seen rising 4.5%.


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Colombia Consumer Confidence Chart


Colombia Consumer Confidence July 20 20 0

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


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