Colombia: Consumer confidence remains stable in July
August 12, 2011
The Fedesarrollo index of consumer sentiment remained broadly stable in July at 27.5 points (June: +27.6 points), after a stellar jump of 17.5 points recorded in the previous month. The result reflected a more optimistic assessment of households' own economic situation, with the respective sub-index climbing from 20.6 points to 23.6 points, while the consumer expectations sub-index fell by 2.2 points to settle at 30.1 points in July. As a result, the consumer confidence index remained well above the 0-point threshold that separates pessimism from optimism. According to Fedesarrollo, the correlation between the consumer sentiment index and household consumption from March 2006 through to July was 0.89, the same as in the previous month.