Colombia Consumer Confidence April 2020

Colombia

Colombia: Consumer sentiment plummets to record low in April

May 7, 2020

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.

LatinFocus Consensus Forecast participants are currently evaluating their forecasts and new Consensus Forecasts will be available from 19 May.


Author:, Economist

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Colombia Consumer Confidence Chart


Colombia Consumer Confidence April 20 20

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


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