Colombia: Consumer confidence deteriorates in July
According to a survey elaborated by Fedesarrollo, consumer confidence fell to minus 17.4 in July from June’s minus 14.1. As a result, the index moved further below the 0-point threshold that separates pessimism from optimism among consumers.
Every component of the consumer confidence index worsened in July, with the exception of consumers’ views of their financial situations compared to a year ago. Consumers became less optimistic about their financial situations a year ahead. They also became more pessimistic about their likelihoods of purchasing durable goods and about the state of the economy in one year.