attractive landscape in Colombia

Colombia Consumer Confidence April 2020

Colombia: Consumer sentiment plummets to record low in April

The Fedesarrollo consumer confidence index nosedived to minus 41.3 in April, from minus 23.8 in March, and marked the worst reading on record since the series began in November 2001. The index thus moved further away from the critical zero-threshold separating pessimism and optimism among consumers.

April’s significant downturn largely reflected a sharp deterioration in households’ perception of their current financial situation compared to 12 months ago, as well as in their willingness to purchase large-ticket items. Furthermore, consumers’ expectations of general economic conditions in the coming year turned markedly more pessimistic compared to the previous month. Moreover, on whether the economy will be in a “good” or “bad” state in the coming year, more consumers expected the latter in April.

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