Colombia Consumer Confidence

Colombia

Colombia: Consumer confidence improves markedly in May

June 16, 2014

The Fedesarrollo consumer sentiment index rose from 17.9 points in April to 23.2 points in May. As a result, the index moved further above the 0-point threshold that separates optimistic from pessimistic territory.

The strong monthly increase mainly reflected substantial improvements in consumers’ expectations for their future economic situations and, to a lesser extent, in consumers’ assessments regarding their current economic conditions. Particularly, consumers were more willing to purchase large-ticket items while households’ expectations regarding the general economic situation for the next 12 months also improved over last month.

LatinFocus Consensus Forecast participants expect total consumption to expand 4.6% in 2014, which is up 0.1 percentage points from last month’s forecast. For 2015, the panel expects total consumption to also increase 4.5%.


Author: Teresa Kersting, Economist

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Colombia Consumer Confidence Chart


Colombia Consumer Confidence May 2014

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


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