Colombia Consumer Confidence May 2016

Colombia

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.

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 May 2016 0

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


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