In January, the Consumer Confidence Index (ICC) measured by Fedesarrollo registered a balance of -13.5 per cent, which represents a decrease of 6.5 percentage points (pps) compared to the previous month.
This result was mainly due to a decrease of 9.4 pps in the Index of Economic Conditions and a drop of 4 .5 pps in the Consumer Expectations Index.
Although in October of last year confidence recovered to levels of -1.30 percent, in subsequent months it has been falling. In November, the data was -1.40 percent; in December of -7 percent; and now in January of -13.5 percent.
However, compared to the previous year when the figure was -20.8 percent, confidence is up.
By cities, confidence only increased compared to the previous month in Barranquilla (+5.5 pps); however, it fell in Cali (17.9 pps), in Bucaramanga (15.6 pps), in Medellín (13.5 pps) and in Bogotá (2.6 pps).
(Also read: Government accelerates measures to stop the shot in the cost of living)
Regarding socioeconomic levels, the index decreased 19.9 pps in the high stratum, 8.6 pps in the low stratum and 2.0 pps in the middle stratum.
Meanwhile, the willingness to buy a house increased 4.4 pps compared to last month. By cities.
For this month, the willingness to buy a house increased in Barranquilla (18.8 pps), Bogotá (4.5 pps), Cali (2.9 pps) and Medellín (1.5 pps) relative to what was observed in December 2021; while it was reduced in Bucaramanga (1.2 pps).