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.