facebook
linkedin
twitter
About Us
  • BFSI
  • Energy
  • Infocom
  • Mining
  • Venture
  • Industry
  • Travel
  • Civic
  • Food, Health, Ag
  • Real Estate
  • Responsibility
  • Economy
  • Law & Justice
  • Interview
  • Analysis
May consumer confidence

What Jumps Out – May Consumer Confidence

Posted On June 8, 2022
By : Rupert Stebbings
Comment: 0
Tag: colombia, consumer confidence, durable goods, fedesarrollo, Housing, industrial confidence, Retail, vehicles

Yesterday Fedesarrollo published the latest Consumer Confidence data for May, and it was slightly better than expected.

The reading of -14.7% was better than the -16.1% consensus and above the April number of -17.5%. In context we haven’t hadn’t had a positive reading since March 2019 (+1.2%) – but the confidence reading has seen a lot of volatility over the past few years, since the -41.3% number in March 2020.

In terms of consumer expectations, we saw an improvement from -7.4% to -3.5%.

All three sub-sectors saw improvements:

  • Do you think that within a year your household will economically do better, worse or the same as now?
  • Do you think that within the next twelve months we will have good or bad economic times?
  • Do you think that the country’s economic conditions will be better or worse within a year than they currently are?

Moving onto economic conditions there was a modest improvement from -32.6% to -31.5%, but versus 12 months ago (-61.7%) there is clearly a sizable move upwards. One noteworthy improvement (-23.4% to -17.9%) was in the area ‘Do you think that your household is economically doing better or worse than a year ago?’

Rupert’s opinions & analysis as an independent expert contributor are his own and not necessarily those of Finance Colombia or the BVC.

Moving onto propensity to buy we saw improvements in all sectors, with housing the standout move.

  • Housing -22.6% (from -33%).
  • Durable Goods -41.7% (from -45.1%).
  • Vehicles -59.3% (from -63.3%).

Next stop Retail and Industrial Confidence on June 23.

Link to Full Report : https://www.fedesarrollo.org.co/encuestas/consumidor-eoc

________________________________________

That is about it for today – remember these are just themes that jump out at me – please refer to your local analyst, economist, salesperson or soothsayer for more details.

My regards to all,

Roops

 

DON'T MISS OUT: The only English-language Colombia news that's strictly business, markets, & investment!
Join global executives & investors by subscribing to our FREE weekly updates
I agree to have my personal information transferred to MailChimp ( more information ) DISCLAIMER: Protección de Datos Personales Artículo 15 de la Constitución Política de Colombia, ley 1581 de 2012 y decreto 1377 de 2013.
We will never spam you or share your email address ¡Nunca Jamás!

Share the news!

  • Facebook
  • Twitter
  • Print
  • Email
  • WhatsApp
  • LinkedIn
  • Skype

Related

Share your thoughts:

comments

About the Author
Prior to becoming the BVC's (Colombia's stock exchange) International Account Manager, London native Rupert Stebbings spent 13 years opening the Colombian equity market to foreigners. All this after a spell "stateside" in NYC. Rupert's opinions are his own and not necessarily those of Finance Colombia or the BVC.
  • google-share
Previous Story

Guest Editorial: Viva Air 10 Years – Please Stay Irreverent!

Next Story

Op-Ed: Colombians Voted for Change, but Not as Expected

Related Posts

0

US President Joe Biden Speaks with Colombia President-Elect Gustavo Petro

Posted On June 22, 2022
, By Loren Moss
Today, Colombian voters elected Gustavo Petro as the next president of Colombia, along with his running mate Francia ‘Márquez Mina as vice president
0

Gustavo Petro Elected Colombia’s Next President

Posted On June 19, 2022
, By Loren Moss
0

Finance Colombia Video News Recap: What Will Happen In Tomorrow’s Presidential Elections?

Posted On June 18, 2022
, By Loren Moss




Search

RECENT

POPULAR

COMMENTS

US President Joe Biden Speaks with Colombia President-Elect Gustavo Petro

Posted On June 22, 2022

Guest Editorial: Colombia’s Establishment Wins Again, But at What Price?

Posted On June 20, 2022
Today, Colombian voters elected Gustavo Petro as the next president of Colombia, along with his running mate Francia ‘Márquez Mina as vice president

Gustavo Petro Elected Colombia’s Next President

Posted On June 19, 2022

Finance Colombia Video News Recap: What Will Happen In Tomorrow's Presidential Elections?

Posted On June 18, 2022
Viva Buenos Aires

Viva Launches New Routes Connecting Colombia & Argentina

Posted On June 16, 2022

Romanian Cybercriminal Mihai Ionut Paunescu Captured In Colombia

Posted On June 29, 2021
Photo montage courtesy EPM

EPM’s Board of Directors Resign En Masse, Creating Crisis For Mayor Daniel Quintero

Posted On August 17, 2020
Reason Foundation's Daniel Raisbeck

The Reason Foundation's Daniel Raisbeck On What Peru's Election Can Tell Us About Economic Liberty In Colombia & Latin America

Posted On June 13, 2021

Deadly Riots & Protests Against Police Brutality Break Out Across Colombia

Posted On September 10, 2020

AVIANCA IS BANKRUPT

Posted On May 10, 2020

[…] The Reason Foundation’s Daniel...

Posted On June 20, 2022

[…] The Reason Foundation’s Daniel...

Posted On June 20, 2022

[…] Finance Colombia: Colombia and...

Posted On June 19, 2022

[…] Finance Colombia: Colombia and...

Posted On June 19, 2022

[…] Colombia, CARICOM Countries...

Posted On June 15, 2022

Watch This!

Consider Advertising With Us

Click here to visit Expat Group's English site

Subscribe Free

don't forget to include "http://"
* = required field
Your Background / Function








unsubscribe from list

RECENT

POPULAR

COMMENTS

US President Joe Biden Speaks with Colombia President-Elect Gustavo Petro

Posted On June 22, 2022

Guest Editorial: Colombia’s Establishment Wins Again, But at What Price?

Posted On June 20, 2022
Today, Colombian voters elected Gustavo Petro as the next president of Colombia, along with his running mate Francia ‘Márquez Mina as vice president

Gustavo Petro Elected Colombia’s Next President

Posted On June 19, 2022

Romanian Cybercriminal Mihai Ionut Paunescu Captured In Colombia

Posted On June 29, 2021
Photo montage courtesy EPM

EPM’s Board of Directors Resign En Masse, Creating Crisis For Mayor Daniel Quintero

Posted On August 17, 2020

Deadly Riots & Protests Against Police Brutality Break Out Across Colombia

Posted On September 10, 2020

[…] The Reason Foundation’s Daniel...

Posted On June 20, 2022

[…] The Reason Foundation’s Daniel...

Posted On June 20, 2022

[…] Finance Colombia: Colombia and...

Posted On June 19, 2022

Watch This!

Contact Us (Click the image):

Pages

  • About Us
  • Colombia Events, Conferences, Festivals and Important Dates
  • Contact Us
  • main
  • Media Partnerships
  • Privacy Policy
  • Search Results
  • Whatsapp test page
Copyright 2014-2020 Finance Colombia All Rights Reserved. We may earn commissions from qualifying purchases.
Posting....
WhatsApp us