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Colombia Consumer Confidence April 2023

Colombia: Consumer sentiment sours further in April

According to a survey elaborated by Fedesarrollo, consumer sentiment fell to minus 28.8 in April from March’s minus 28.5. April’s result marked the worst performance since May 2021. As a result, the index moved further below the 0-point threshold, pointing to worsening sentiment among consumers.

Consumers became less optimistic about their financial situations 12 months ahead and more pessimistic about the economy 12 months ahead, driving the downturn in the index in April. That said, consumers became less pessimistic about their current financial situations and buying intentions.

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