Colombia Consumer Confidence March 2016

Colombia

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.

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 March 2016

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


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