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.
Author: Eric Denis , Economist