Colombia Consumer Confidence

Colombia

Colombia: Consumer confidence tumbles to over five-year low in March

April 16, 2015

The Fedesarrollo consumer sentiment index deteriorated notably in March, dropping from 14.0 points in February to 2.3 points in March, marking the worst result since June 2009. As a result of the fall, the index just sits barely above the 0-point threshold that separates optimistic from pessimistic territory.

The deterioration reflected significant setbacks in all of the five sub-components that comprise the index. Consumers were much less positive about both their future personal economic situations and the general economic climate.

LatinFocus Consensus Forecast participants expect total consumption to expand 3.4% in 2015, which is down 0.3 percentage points from last month’s forecast. For 2016, the panel expects total consumption to increase 3.3%.


Author: Teresa Kersting, Economist

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Colombia Consumer Confidence Chart


Colombia Consumer Confidence March 2015

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


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