Colombia: Consumer confidence rebounds strongly in September
October 11, 2012
The Fedesarrollo index of consumer sentiment improved in September, rising from 18.1 points in August to 25.0 points, which represents the highest level seen in four months. As a result, consumer confidence is now 1.9 points above the level observed in the same month last year. The monthly increase in consumer sentiment reflects an improvement in both components of the index. The consumer expectations sub-index rose from 22.5 points in August to 27.8 in September, while the economic conditions sub-index reached 20.8 points, nearly doubling the 11.4 points recorded in the previous month. At the current level, the consumer confidence index still remains well above the 0-point threshold that separates pessimism from optimism, which bodes well for private consumption going forward.