Colombia: Consumer confidence rebounds in September from an over two-year low in August
October 11, 2013
In September, the Fedesarrollo consumer sentiment index rose to 14.6 points from 13.4 points in August, which had marked the lowest point since May 2011. Consumer confidence is 10.4 points below the level recorded in September of the previous year but remains above the 0-point threshold that separates optimistic from pessimistic territory.
The monthly improvement reflects a rise in consumers' views on economic conditions, which increased from 16.3 points in August to 17.8 in September. Consumer expectations also gained some ground, rising from 11.4 points in August to 12.6 in September.
LatinFocus Consensus Forecast participants expect total consumption to expand 4.0% this year, which is unchanged from last month's forecast. For next year, the panel expects total consumption to increase 4.4%, which is also unchanged over the previous month's estimate.