Colombia: Consumer confidence ticks up in March, is still low after January's drastic fall
April 14, 2016
The Fedesarrollo consumer sentiment index ticked up from February’s minus 21.0 points to minus 20.1 points in March. 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 February, they remain well entrenched below the 0-point threshold. March’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. The recent increase in inflation is likely beginning to affect consumer sentiment negatively.
Author: Robert Hill, Economist