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.