Colombia: Consumer confidence ticks up in May, but remains in pessimistic territory
June 17, 2016
The Fedesarrollo consumer sentiment index ticked up from April’s minus 13.0 points to minus 12.5 points in May. 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 April, they remain well entrenched below the 0-point threshold. May’s survey suggested that, compared to the previous month, consumers were more pessimistic regarding the country’s economic future over the next 12 months, however sentiment towards purchasing major household items improved.
Author: Robert Hill, Economist