attractive landscape in Colombia

Colombia Consumer Confidence October 2018

Colombia: Consumer sentiment falls deeper into pessimistic territory in October

The Fedesarrollo consumer confidence index sunk deeper into negative territory in October, dropping to minus 1.3 points from minus 0.7 points in September. The index fell below the critical zero-point threshold separating optimism from pessimism among consumers in September, following five consecutive months of remaining in positive territory. October’s result reflected a downturn in three out of the five sub-components of the index, while the remaining two recorded an improvement.

Consumers were more pessimistic about the general economic situation over the next 12 months, while their views on the economic conditions over the same time frame swung into pessimistic territory in October. Moreover, respondents’ propensity to purchase big-ticket items worsened considerably, shifting from positive into negative territory. On the upside, consumers’ outlook on their own personal financial situation over the next year became more upbeat, and they were also less pessimistic about their current economic situation compared to a year ago.

Colombia Private Consumption Forecast

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest