Colombia: Consumer confidence falls in September
Latest reading: Consumer confidence came in at minus 16.0 in September, down from August’s minus 15.3. September’s result marked the worst reading since December 2023. As a result, the index remained entrenched below the 0-point threshold pointing to worsening confidence among consumers. Consumers became more pessimistic regarding both the country’s current and future economic situation.
Outlook: Sentiment remained sour in Q3, hinting at still-downbeat private spending. That said, inflation continued to recede through September, and this, paired with a lower unemployment rate in the July–August, will likely support sentiment and households’ propensity to consume going into Q4.