Colombia: Consumer confidence stays on upward trend in January
February 13, 2014
The Fedesarrollo consumer sentiment index rose from 23.2 points in December to 26.6 in January, which marked the highest reading since June 2013. The index is still well above the 0-point threshold that separates optimistic from pessimistic territory.
The monthly improvement mostly reflects an increase in consumer expectations, as households were substantially more optimistic regarding their economic conditions for the next 12 months. Consumers' views on the current economic conditions also improved in January, mainly due to increasing optimism regarding their ability to purchase big-ticket items.
LatinFocus Consensus Forecast participants expect total consumption to expand 4.5% in 2014, which is down 0.1 percentage points from last month's forecast. For 2015, the panel expects total consumption to increase 4.5%.