Colombia: Consumer sentiment collapses to all-time low in January
February 15, 2017
The Fedesarrollo consumer sentiment index plunged from December’s minus 10.7 points to minus 30.2 points in January—the lowest reading since the survey began in November 2001. The index remained below the 0-point threshold that separates optimistic from pessimistic territory. Confidence first sank into pessimistic territory in January 2016, when it fell by over 20 points as consumers became very concerned about Colombia’s current and expected future economic conditions.
January marked the thirteenth consecutive month that the index has been in negative territory. The print mainly reflected a steep deterioration in households’ perceptions of current economic conditions, which hit the lowest level since April 2002. Households’ expectations of future economic conditions also worsened in January and now stands at an historic low.
Author: Luis Lopez Vivas, Economist