Colombia Consumer Confidence July 2019

Colombia

Colombia: Consumers become less pessimistic in July

August 20, 2019

Consumer sentiment improved in July, albeit remained in pessimistic territory. The consumer confidence index published by Fedesarrollo rose to minus 5.1 points from minus 6.3 points in June, thus moving closer to the critical zero-point threshold separating pessimism and optimism among consumers.

July’s improvement came chiefly on the back of consumers’ improved perception of the general economic conditions ahead. That said, with regards to their forwards looking economic prospects, consumers were slightly more pessimistic than a month prior.

LatinFocus Consensus Forecast participants expect private consumption to expand 3.6% in 2019, which is up 0.1 percentage points from last month’s forecast. For 2020, the panel expects private consumption to grow 3.3%.


Author:, Economist

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Colombia Consumer Confidence Chart


Colombia Consumer Confidence July 2019

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


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