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Colombia Consumer Confidence February 2024

Colombia: Consumer sentiment deteriorates in February

Consumer sentiment came in at minus 9.4 in February, deteriorating form January’s minus 7.9. As such, the index moved further below the 0-point threshold, indicating starker pessimism among consumers.

The downtick in the headline print largely reflected consumers were more pessimistic over their current financial situation than a year ago. Similarly, they became more averse to making big-ticket purchases.

Sentiment remains pessimistic overall, boding ill for private spending ahead. Inflation remained above target through February, which will likely continue to dampen sentiment in the coming months.

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