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Colombia: Consumer pessimism eases in May
Latest reading: The consumer confidence index improved to minus 3.8 in May from April’s minus 8.6 but remained below the 0-point threshold—where it has stood since June 2022—indicating pessimism among consumers. Looking at the details of the release, consumers became less pessimistic about both the country’s present and future economic situation.
Outlook: Consumer sentiment remained downbeat midway through Q2, hinting at persistent headwinds to private spending. Moreover, stubborn inflation and a loose labor market will likely continue to depress sentiment and households’ propensity to consume in mid-2025.
