Colombia Consumer Confidence October 2019

Colombia

Colombia: Consumer sentiment improves in October

November 20, 2019

Consumers turned less pessimistic in October, with the Fedesarrollo consumer confidence index rising to minus 9.8 from 10.7 in September. The index, thus moved closer to the critical zero-threshold separating pessimism and optimism among consumers, signaling a deterioration in sentiment.

October’s upturn was largely driven by consumers’ improved outlook over the general economic situation in the year ahead. Moreover, households’ willingness to purchase big-ticket household items increased in October. In contrast, consumers’ assessment of their financial situation from a year ago deteriorated sharply.

LatinFocus Consensus Forecast participants expect private consumption to expand 3.5% in 2020, which is down 0.1 percentage points from last month’s forecast, and 3.4% in 2021.


Author:, Economist

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Colombia Consumer Confidence Chart


Colombia Consumer Confidence October 2019

Note: Index of consumer sentiment. Values above 0 indicate optimistic perception, below 0 indicate negative perception.
Source: Fedesarrollo.


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