Colombia Consumer Confidence April 2016

Colombia

Colombia: Consumer confidence ticks up in April, but remains in pessimistic territory

May 17, 2016

The Fedesarrollo consumer sentiment index ticked up from March’s minus 20.1 points to minus 13.0 points in April. Despite the improvement, the index is still far below the 0-point threshold that separates optimistic from pessimistic territory after falling by over 20 points in January.

Although most of the components of the index inched up slightly from March, they remain well entrenched below the 0-point threshold. April’s survey suggests that consumers are still very pessimistic about the country’s economic conditions over the next 12 months and not willing to purchase major items.

LatinFocus Consensus Forecast participants expect total consumption to expand 2.4% in 2016, which is unchanged from last month’s forecast. For 2017, the panel expects total consumption to increase 2.8%.


Author:, Economist

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Colombia Consumer Confidence Chart


Colombia Consumer Confidence April 2016

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


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