Colombia: Consumer confidence keeps falling in September but remains in optimistic territory
October 15, 2014
The Fedesarrollo consumer sentiment index fell from 20.0 points in August to 17.1 points in September, reaching the lowest value in seven months. Nevertheless, the index is still well above the 0-point threshold that separates optimistic from pessimistic territory.
The monthly drop reflected that consumers assessed the current condition of the general economy more pessimistically than last month as well as a reduced willingness to purchase large-ticket items. Conversely, consumers’ expectations about future prospects for the general economy remained unchanged over last month.