Colombia: Consumer sentiment improves slightly in September
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.