Colombia Consumer Confidence

Colombia

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.

LatinFocus Consensus Forecast participants expect total consumption to expand 5.0% in 2014, which is up 0.1 percentage points from last month’s forecast. For 2015, the panel expects total consumption to increase 4.5%, which is unchanged from last month’s projection.


Author: Teresa Kersting, Economist

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Colombia Consumer Confidence Chart


Colombia Consumer Confidence September 2014

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


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