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.
Author: Robert Hill, Economist