Colombia: Consumer confidence rises further in October
November 13, 2012
The Fedesarrollo index of consumer sentiment improved in October, rising from 25.0 points in September to 25.6 points. As a result, consumer confidence is now 5.0 points above the level observed in the same month last year. Furthermore, at the current level, the consumer confidence index remains well above the 0-point threshold that separates pessimism from optimism, which bodes well for private consumption going forward. The monthly increase in consumer sentiment reflected an improvement in the economic conditions sub-index, which rose to 26.0 points, up from the 20.8 points recorded in the previous month. The consumer expectations sub-index, on the other hand, deteriorated from 27.8 points in September to 25.3 points in October.