Colombia Consumer Confidence June 2021


Colombia: Pessimism among consumers eases in June

July 8, 2021

The Fedesarrollo consumer confidence index came in at minus 22.3 in June, improving notably from May’s minus 34.3. That said, June’s result still indicated pessimism among consumers.

June’s improvement largely reflected falling pessimism regarding economic conditions in the coming 12 months. Moreover, consumer sentiment with regards to their financial situation at present compared to a year ago improved and households turned less sour towards big-ticket purchases.

LatinFocus Consensus Forecast participants see private consumption expanding 5.9% in 2021, which is up 0.4 percentage points from last month’s forecast. In 2022, private consumption growth is seen at 3.7%.


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Colombia Consumer Confidence Chart

Colombia Consumer Confidence June 2021

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

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