Colombia: Consumer sentiment improves but remains firmly entrenched in pessimistic territory
April 19, 2017
The Fedesarrollo consumer sentiment index rose from February’s minus 24.3 points to minus 21.1 points in March, marking a three-month high. Despite the improvement, the index remained below the 0-point threshold that separates optimistic from pessimistic territory. Confidence first sank into pessimistic territory in February 2016, when it fell by over 20 points as consumers became very concerned about Colombia’s current and expected future economic conditions.
March marked the fifteenth consecutive month that the index has been in negative territory. March’s stronger print reflected an improvement in households’ expectations of future economic conditions. Household’s’ perceptions of current economic conditions also improved compared to February, although at a more modest rate.
Author: Luis Lopez Vivas, Economist