Colombia Consumer Confidence April 2017

Colombia

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.

LatinFocus Consensus Forecast participants expect total consumption to expand 2.0% in 2017, which is down 0.2 percentage points from last month’s forecast. For 2018, the panel expects total consumption to increase 2.8%.


Author:, Economist

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Colombia Consumer Confidence Chart


Colombia Consumer Confidence April 2017 0

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


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