Colombia Consumer Confidence April 2019

Colombia

Colombia: Consumers turn markedly more pessimistic in April

May 17, 2019

Consumers turned pessimistic at the start of the second quarter, with the Fedesarrollo consumer confidence index plunging into negative territory in April, as it fell from 1.2 points in March to minus 9.6 points. The index, thus, moved below the critical zero-point threshold separating optimism from pessimism among consumers, signaling a deterioration in overall sentiment in April.

The latest print was underpinned by an across-the-board decline. Consumers were significantly more downbeat about both their personal finances and the general economic conditions over the next twelve months. Moreover, they held more pessimistic views on their current personal financial situation compared to a year ago, while their willingness to purchase big-ticket items swung into negative territory and deteriorated the most among all sub-components.

LatinFocus Consensus Forecast participants expect private consumption to expand 3.3% in 2019, which is unchanged from last month’s forecast. For 2020, the panel also expects private consumption growth to inch up to 3.4%.


Author:, Economist

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Colombia Consumer Confidence April 2019 2

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


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