Colombia Consumer Confidence

Colombia

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.

LatinFocus Consensus Forecast participants expect total consumption to expand 5.0% in 2014, which is unchanged from last month’s forecast. For 2015, the panel expects total consumption to increase 4.4%, which is down 0.1 percentage points from last month’s projection.


Author:, Economist

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Colombia Consumer Confidence Chart


Colombia Consumer Confidence October 2014

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


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