Colombia: Consumer confidence moderates at the end of the year
January 14, 2013
The Fedesarrollo index of consumer sentiment deteriorated in December, falling to 21.5 points from 25.3 points in November. As a result, consumer confidence is now 8.3 points below the level observed in the same month last year. That said, at the current level, the consumer confidence index remains well above the 0-point threshold that separates pessimism from optimism, which bodes well for private consumption going forward.
The monthly fall in consumer sentiment reflected a deterioration in both the present and forward-looking sub-components that compose the index. In particular, economic conditions recorded the steepest loss, falling from 21.1 points in November to 14.6 points. Meanwhile, the consumer expectations sub-index slowed a milder 2.1 points and reached 26.0 points.