Colombia: Consumer confidence falls for a fourth consecutive month
January 12, 2011
In December, the Fedesarrollo index of consumer sentiment fell to 16.7 points from 25.9 points in November. The fall in consumer confidence continued a downward trend that began in September 2010, after confidence had climbed to the highest level in almost ten years in August last year. Despite declining optimism among consumers, the index of consumer confidence remains above the 0-point threshold, which separates optimism from pessimism. The deterioration in consumer sentiment was broad-based, as both major components of the index - economic conditions and consumer expectations - fell over the previous month. The economic conditions index declined sharply from 18.2 points in November to 7.1 points in December, while the index of consumer expectations dropped from 30.9 points in November to 23.1 points in December.