Colombia: Consumer confidence records sharp fall in January
February 18, 2016
The Fedesarrollo consumer sentiment index swung from December’s 1.1 points to minus 21.3 points in January. As a consequence of the sharp fall, the index dropped significantly below the 0-point threshold that separates optimistic from pessimistic territory and reached a multi-year low.
The result came on the back of a downturn in all of the five sub-categories that comprise the index. In particular, consumers’ view of both present and expected general economic conditions in Colombia recorded significant deteriorations.
Author: Eric Denis , Economist