Colombia Consumer Confidence September 2019

Colombia

Colombia: Consumer sentiment improves slightly in September

October 17, 2019

Consumers turned less pessimistic in September, with the Fedesarrollo consumer confidence index rising to minus 10.7 from 11.8 in August, which had marked the lowest result since November 2018. The index, thus, moved slightly closer to the critical zero-threshold separating pessimism and optimism among consumers, signaling a deterioration in sentiment.

September’s upturn was largely driven by consumers’ improved sentiment towards their current financial situation compared to a year ago, while they also expressed less pessimism towards general economic conditions in the coming year. In contrast, consumers’ willingness to purchase big-ticket household items decreased in September.

LatinFocus Consensus Forecast participants expect private consumption to expand 4.0% in 2019, which is up 0.2 percentage points from last month’s forecast. For 2020, the panel expects private consumption to grow 3.6%, which is unchanged from last month’s forecast.


Author:, Economist

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Colombia Consumer Confidence Chart


Colombia Consumer Confidence September 2019

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


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