Colombia Consumer Confidence

Colombia

Colombia: Consumer confidence improves slightly in April

June 3, 2014

The Fedesarrollo consumer sentiment index rose marginally from 17.5 points in March to 17.9 in April. As a result, the index moved slightly further above the 0-point threshold that separates optimistic from pessimistic territory.

The moderate monthly increase mainly reflects that an improvement in consumers’ assessments regarding their current economic conditions more than compensated for a moderation in their expectations for their future economic situations. Particularly, consumers were more willing to purchase large-ticket items. However, households’ expectations regarding the general economic situation for the next 12 months deteriorated over last month.

LatinFocus Consensus Forecast participants expect total consumption to expand 4.5% in 2014, which is unchanged 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 April 2014

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


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