Colombia: Consumer confidence virtually unchanged in May
June 14, 2012
The Fedesarrollo index of consumer sentiment remained broadly stable in May, inching down from 26.6 points in April to 26.5 points. As a result, consumer sentiment is now 16.4 points above the level observed in the same month last year. The monthly result mainly reflected how a decline in the consumer expectations sub-index, which fell from 36.6 points in April to 34.1 points in May, was almost entirely offset by an increase in the sub-component reflecting current economic conditions (April: 11.7 points; May: 15.1 points). At the current level, the consumer confidence index remains well above the 0-point threshold that separates pessimism from optimism, which bodes well for private consumption going forward.