Colombia: Consumer confidence improves in September
October 17, 2017
The Fedesarrollo consumer confidence index increased from minus 15.9 points in August to minus 10.3 points in September. Despite ameliorating, the reading still lies below the 0-point threshold that separates pessimism from optimism among consumers.
The improvement in consumer confidence in September was the result of less pessimism among households regarding the current state and the outlook of the economy. Households were also less pessimistic about their current personal economic situations compared to last year. Conversely, consumers were less optimistic about their future personal economic situations. Furthermore, consumers were less willing to purchase big-ticket durable goods such as home appliances.
Author: Lindsey Ice, Economist