Colombia Consumer Confidence

Colombia

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.

LatinFocus Consensus Forecast participants expect total consumption to expand 3.3% in 2015, which is down 0.1 percentage points from last month’s forecast. For 2016, the panel expects total consumption to increase 3.2%.


Author:, Economist

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Colombia Consumer Confidence Chart


Colombia Consumer Confidence July 2015

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


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