Colombia: Consumer confidence plummets in April
May 11, 2011
The Fedesarrollo index of consumer sentiment plunged from 21.1 points in March to 11.9 points, the lowest level since February 2010. The decrease reflected a more pessimistic assessment of households' economic conditions, with the respective sub-index falling by 9.2 points to 5.3 points in April. Similarly, the consumer expectations sub-index declined by 9.2 points and settled at 16.3 points in April. As a result, the consumer confidence index moved closer to the 0-point threshold that separates pessimism from optimism. According to Fedesarrollo, the correlation between the consumer sentiment index and household consumption is 0.6.