Colombia: Consumer confidence rises to four-month high but remains within pessimistic territory
May 16, 2017
The Fedesarrollo consumer sentiment index rose from March’s minus 21.1 points to minus 12.8 points in April, marking a four-month high. Despite the improvement, the index remained below the zero-point threshold that separates pessimistic from optimistic territory. Confidence first sank into pessimistic territory in February 2016, when it fell by over 20 points as consumers became very concerned about Colombia’s current and expected future economic conditions.
April’s stronger print reflected an improvement in perceptions of current economic conditions. Households’ expectations of future economic conditions also improved compared to March, although at a slower pace.
Author: Nihad Ahmed, Economist