Colombia Consumer Confidence August 2022

Colombia

Colombia: Consumer confidence increases but remains in negative territory in August

September 8, 2022

Consumer confidence jumped to minus 2.4 in August from July's minus 10.4. Despite the uptick, the index remained below the 0-point threshold, indicating pessimism among consumers.

The rise came on the back of an improvement in consumers' assessments of their economic situation and the country's general economic condition in the coming 12-month period..

LatinFocus Consensus Forecast participants see private consumption expanding 6.9% in 2022, which is up 0.4 percentage points from last month’s forecast. In 2023, private consumption growth is seen at 2.1%.


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