Colombia: Consumer confidence records worst reading since June 2021 in October
According to a survey elaborated by Fedesarrollo , consumer confidence came in at minus 19.5 in October, down from September’s minus 11.5. October’s result marked the weakest sentiment since June 2021. As such, the index remained below the 0-point threshold, signaling pessimism among consumers.
The decline was due to greater pessimism in consumers view of their present and 12-month economic situations as well as the countrys general economic condition.