The consumer confidence indicator in Colombia fell sharply to -19.6 in November 2018 from -1.3 in the previous month. It is the worst reading since March 2017, due to a strong deterioration in future expectations (-23.7 from 3.9 in October) and, to a lesser extent, current conditions (-13.5 from -9.2). Consumer Confidence in Colombia averaged 11.68 Index Points from 2001 until 2018, reaching an all time high of 38.80 Index Points in August of 2010 and a record low of -30.20 Index Points in January of 2017.
Consumer Confidence in Colombia is expected to be -23.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in Colombia to stand at -12.00 in 12 months time. In the long-term, the Colombia Consumer Confidence is projected to trend around 4.00 Index Points in 2020, according to our econometric models.