Colombia Consumer Confidence December 2021

Colombia

Colombia: Consumer confidence sours further in December

January 11, 2022

The Fedesarrollo consumer confidence index came in at minus 7.0 in December, deteriorating from November's minus 1.4. As a result, the index moved further below the 0-point threshold, and indicated pessimism among consumers.

The headline print reflected consumers' less upbeat expectations regarding their economic situation over the next year, and more pessimistic views with regards to the country's general economic climate in the coming 12-month period.

LatinFocus Consensus Forecast participants see private consumption expanding 3.9% in 2022, which is up 0.2 percentage points from last month’s forecast. In 2023, private consumption growth is seen at 3.2%.


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Colombia Consumer Confidence December 2021

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


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