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Consumer Confidence Index increased in May • La Nación

Fedesarrollo stated that the Consumer Confidence Index had an increase of 6.0 percentage points.

Web/LN Writing

According to the latest Fedesarrollo report, in May 2023, the Consumer Confidence Index (ICC) registered a balance of -22.8%, representing an increase of 6.0 percentage points (pps) compared to April of this year. anus.

According to the research center, the improvement in consumer confidence compared to April 2023 was explained by an increase of 3.8 pps in the Consumer Expectations Index and an increase of 9.5 pps in the Index of Economic conditions.

Consumer confidence increased in the middle and low socioeconomic levels compared to April 2023. In May 2023, an increase of 4.4 pps and 9.0 pps was registered in the middle and low strata respectively compared to The last month. On the other hand, a decrease in the ICC of the upper stratum of 7.1 pps was observed.

Meanwhile, one of the aspects that stood out the most from this result is that the intention of Colombians to buy a home, vehicle, household appliances and non-durable goods increased, compared to the month of April of this year.

“In May, the willingness to buy a home index increased by 5.2 pps compared to the previous month, standing at -44.9%. An improvement is observed in the cities of Barranquilla (14.7 pps), Medellín (8.8 pps) and Bogotá (5.0 pps), although in Bucaramanga (5.1 pps) there was a decrease in relation to April 2023. For its part, there was no change in the index in the city of Cali”, Fedesarrollo pointed out.

With information from: LA FM

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