Colombia: Consumers turn more pessimistic in November
December 16, 2016
The Fedesarrollo consumer sentiment index dropped from October’s minus 3.2 points to minus 4.6 points in November. The index remained below the 0-point threshold that separates optimistic from pessimistic territory. Confidence first sank into pessimistic territory in January 2016, when it fell by over 20 points as consumers became very concerned about Colombia’s present and expected future economic conditions.
November marked the eleventh consecutive month that the index has been in negative territory. The print reflected a deterioration in households’ perceptions of current economic conditions as well as a worsening in their expectations of future economic conditions.
Author: Luis Lopez Vivas, Economist