Colombia Consumer Confidence December 2020

Colombia

Colombia: Consumer confidence reaches 11-month high in December but remains in pessimistic territory

January 8, 2021

The Fedesarrollo consumer confidence index improved for the eighth consecutive month in December, coming in at minus 10.4, above November’s minus 13.6 and logging the best result since January. That said, the index remained below the 0-point threshold and still indicated pessimism among consumers.

December’s higher reading was chiefly driven by consumers’ less pessimistic expectations of the economic times in the coming twelve months. Moreover, consumers grew more confident with regard to their personal financial situation in the twelve coming months, while their assessment of general economic conditions in the year ahead turned more positive.

LatinFocus Consensus Forecast participants see private consumption expanding 4.9% in 2021, which is down 0.1 percentage points from last month’s forecast. In 2022, private consumption growth is seen at 4.0%.


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Colombia Consumer Confidence December 20 20

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


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