Colombia Consumer Confidence November 2016

Colombia

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.

LatinFocus Consensus Forecast participants expect total consumption to expand 2.2% in 2017, which is down 0.1 percentage points from last month’s forecast. For 2018, the panel expects total consumption to increase 3.3%.


Author:, Economist

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Colombia Consumer Confidence November 2016 0

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


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