Colombia: Consumer sentiment dives into negative territory in September
October 16, 2018
The Fedesarrollo consumer confidence index swung into negative territory in September to minus 0.7 points, from 4.7 in August, moving below the critical zero-point threshold separating optimism from pessimism among consumers. September’s print reflected an-across-the-board deterioration.
Respondents were more pessimistic about their personal financial situation compared to a year ago and were also more downbeat about the general economic conditions over the next 12 months. Households also held less favourable outlooks on their economic situation in the next year, along with the economy’s overall prospects over the same time frame compared to a year ago, although both categories remained in optimistic territory. They also showed a markedly lower propensity to purchase big-ticket items, such as furniture and appliances.
Author: Nihad Ahmed, Economist