Colombia: Consumers more confident in October
November 15, 2014
The Fedesarrollo consumer sentiment index rose from 17.1 points in September to 21.6 points in October, reaching the highest point since July. The index is still above the 0-point threshold that separates optimistic from pessimistic territory.
The monthly increase reflected an improvement in all of the sub-components that comprise the index. Consumers were particularly more optimistic regarding their willingness to purchase large-ticket items and their expectations for the general economy.
Author: Cecilia Simkievich, Economist