Colombia: Consumers turn significantly more pessimistic in April
The Fedesarrollo consumer confidence index came in at minus 34.2 in April, deteriorating significantly from March’s minus 11.4 and recording the lowest reading in a year.
April’s downturn largely reflected increasing pessimism regarding economic conditions in the coming 12 coming months. Moreover, consumers turned more pessimistic regarding their financial situation at present compared to a year ago, while households turned more negative with regards to big-ticket purchases.