Colombia Consumer Confidence May 2021

Colombia

Colombia: Consumers turn more pessimistic in May

June 8, 2021

The Fedesarrollo consumer confidence index came in at minus 34.3 in May, deteriorating marginally from April’s minus 34.2. That said, May’s result marked the lowest print since April 2020.

May’s downturn largely reflected deteriorating consumer confidence with regards to their financial situation at present compared to a year ago. On top of this, households turned more negative regarding big-ticket purchases. Meanwhile, consumers were less pessimistic regarding economic conditions in the coming 12 coming months.

LatinFocus Consensus Forecast participants see private consumption expanding 5.5% in 2021, which is up 0.3 percentage points from last month’s forecast. In 2022, private consumption growth is seen at 3.7%.


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Colombia Consumer Confidence May 2021

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


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