Colombia: Consumer confidence worsens in July
August 19, 2015
The Fedesarrollo consumer sentiment index fell in July, decreasing from 14.7 points in June to 2.6 points and thus marking a four-month low. As a result of the drop, the index is now sitting just above the 0-point threshold that separates optimistic from pessimistic territory.
The deterioration reflected decreases in all of the five sub-components that comprise the index. More precisely, consumers’ were much more pessimistic about the general economic climate in the next 12 months and their willingness to buy big-ticket items decreased significantly as well.
Author: Eric Denis , Economist