Colombia: Consumer confidence index improves but remains pessimistic in March
Latest reading: The consumer confidence index improved to minus 7.1 in March, up from February’s minus 12.0 but remaining below the 0-point threshold, indicating pessimism among consumers. Looking at the details of the release, consumers became less pessimistic about the country’s current and future economic situation.
Outlook: Consumer sentiment fell notably from Q4’s average in Q1 2025, hinting at persistent headwinds to private spending. Moreover, sticky inflation and a looser labor market will likely continue to depress sentiment and households’ propensity to consume at the outset of 2025.