Colombia Consumer Confidence

Colombia

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.

LatinFocus Consensus Forecast participants expect total consumption to expand 3.4% in 2015, which is down 0.3 percentage points from last month’s forecast. For 2016, the panel expects total consumption to increase 3.3%.


Author:, Economist

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Colombia Consumer Confidence Chart


Colombia Consumer Confidence June 2015

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


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