The consumer confidence indicator in Colombia increased to -8.3 in December 2018 from -19.6 in the previous month, despite remaining in negative territory. The improvement was due to a significant increase in future expectations (-11.1 from -23.7 in November) and, to a lesser extent, in current conditions (-4.1 from -13.5). In particular, the willingness to buy a new house went up. Consumer Confidence in Colombia averaged 11.58 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 -18.00 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 -10.00 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.