Colombia: Consumer confidence recovers in March
April 17, 2014
The Fedesarrollo consumer sentiment index rose from 15.7 points in February, which had marked the lowest level in five months, to 17.5 in March. As a result, the index moved further above the 0-point threshold that separates optimistic from pessimistic territory.
The monthly increase mainly reflects an improvement in consumers' assessments regarding their future economic situations and, to a lesser extent, an improvement in their current economic conditions. Consumers are more confident about their economic situations in the future as they foresee favourable economic conditions throughout the next 12 months and they expect that, in a year from now, economic conditions in general will have improved.
LatinFocus Consensus Forecast participants expect total consumption to expand 4.5% in 2014, which is up 0.1 percentage points from last month's forecast. For 2015, the panel expects total consumption to increase 4.5%.
Author: Armando Ciccarelli, Head of Data Solutions