Colombia Consumer Confidence March 2021

Colombia

Colombia: Consumers turn less pessimistic in March

April 8, 2021

The Fedesarrollo consumer confidence index came in at minus 11.4 in March, improving from February’s minus 14.6. Nonetheless, the index remained below the zero-point threshold, indicating prevalent pessimism among consumers.

March’s improvement largely reflected less downbeat expectations of economic conditions in the 12 coming months. Moreover, consumer sentiment turned less negative with regards to big-ticket purchases. Meanwhile, households became slightly more downbeat regarding to personal financial situation compared to a year ago.

LatinFocus Consensus Forecast participants see private consumption expanding 5.3% in 2021, which is up 0.1 percentage points from last month’s forecast. In 2022, private consumption growth is seen at 3.9%.


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Colombia Consumer Confidence March 2021

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


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