Colombia Consumer Confidence

Last Release

Aug 31, 2024

Actual

-15.3

Units In

Points

-9

Frequency

Monthly

Next Release

Oct 11, 2024

Time to Release

26 Days 9 Hours

Highest	Lowest	Average	Date Range	Source
38.8 Aug 2010	-41.3 Apr 2020	4.91 Points	2001-2024	Fedesarrollo

In Colombia, Consumer Opinion Survey (EOC), measures the level of optimism that households have about their economic situation and the country's general economic condition taking into account information regarding the previous and the next year. The survey gives an inside about consumers’ willingness to buy household appliances and vehicles, and their ability to qualify for a credit. The survey is based on a sample of around 600 persons, age 25-44, living in the 4 biggest Colombian cities and with different levels of income (low, medium and high).

Latest Updates

Colombia's consumer confidence index fell sharply by 6.3 points to -15.3 in August 2024, down from -9.0 the previous month. This marks a yearly low and extends the period of pessimism to 26 consecutive months. The decline was primarily driven by a significant drop in the current economic conditions gauge, which plummeted by 11.8 points to -23.2. Additionally, future expectations also decreased, falling by 2.5 points to -10.