Colombia's consumer confidence index plunged to -34.2 in April of 2021 from -11.4 in the prior month, as the country went through the worst phase of pandemic so far, and has now faced weeks of deadly protests against Ivan Duque’s planned nationwide tax increase. This was the second worse reading, only after the one from last April at the outbreak of the pandemic. Survey results recorded a great deterioration of household's expectations (-23.3 vs 9.6 in March), as the current context made consumers much more pessimistic regarding next year’s economic outlook. Consumer perceptions regarding the present economic conditions have also worsened significantly (-50.5 vs -42.8). source: Fedesarrollo
Consumer Confidence in Colombia averaged 8.33 points from 2001 until 2021, reaching an all time high of 38.80 points in August of 2010 and a record low of -41.30 points in April of 2020. This page provides - Colombia Consumer Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Colombia Consumer Confidence - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.
Consumer Confidence in Colombia is expected to be -8.00 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 5.00 in 12 months time. In the long-term, the Colombia Consumer Confidence is projected to trend around 6.00 points in 2022, according to our econometric models.