Colombia Consumer Confidence

Colombia

Colombia: Consumer confidence rises in October

November 18, 2015

The Fedesarrollo consumer sentiment index rose from September’s 4.3 points to 6.8 points in October, reaching a four-month high. As a result of the increase, the index is now further above the 0-point threshold that separates optimistic from pessimistic territory.

The improvement reflected increases in four of the five sub-components that comprise the index. More precisely, consumers’ willingness to buy big-ticket items improved and their view of future general economic climate became much less pessimistic.

LatinFocus Consensus Forecast participants expect total consumption to expand 2.9% in 2015, which is down 0.1 percentage points from last month’s forecast. For 2016, the panel expects total consumption to increase 2.6%, which is down 0.2 percentage points from last month’s estimate.


Author:, Economist

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Colombia Consumer Confidence Chart


Colombia Consumer Confidence October 2015

Note: Index of consumer sentiment. Values above 0 indicate optimistic perception, below 0 indicate negative perception.
Source: Fedesarrollo.


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