Colombia: Consumer confidence improves in June
July 15, 2015
The Fedesarrollo consumer sentiment index improved in June, increasing from 13.7 points in May to 14.7 points. As a result of the rise, the index is now even further above the 0-point threshold that separates optimistic from pessimistic territory.
The improvement reflected increases in two of the five sub-components that comprise the index. More precisely, a significant increase in consumers’ willingness to buy big-ticket items more than offset more pessimistic views about the future general economic climate.
Author: Eric Denis , Economist