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The most recent consumer confidence index of the Foundation for Higher Education and Development (Fedesarrollo) stands at 15.5% in June, which represents a growth of 6.6 percentage points last month: 8.9%
According to an organization report, "this is explained by a sharp increase in the willingness of consumers to buy property sustainable, a better result in the country's valuation, which maintains a positive trend since the third quarter of 2017. "
Now, if you count as a reference the same month of last year, the increase reaches 35.5 percentage points. In the case of the index of economic conditions, it improved by 14.9 percentage points
By regions, Medellín was the third city in which the consumer confidence index has the most increased (5.6 percentage points). Cali was ranked first, in the capital of Valle del Cauca, the increase was 17.7 percentage points, while Bogota was second with 5.7 points. Thus, the indicator in Cali was: 29.7%, Bogotá (11.7%) and Medellín (16.4%).
The opposite occurred in Barranquilla and Bucaramanga, cities where there was a decrease of 3.1 and 1.3 percentage points, respectively. In Barranquilla, the number was 16.7% and in Bucaramanga 6.6%.
The consumer opinion survey, measured by socio-economic level, showed that an increase was created in all strata. In the upper layers, it was 24.8 percentage points, in the media it was 10.5 percentage points and in the low levels of 0.5
With this variation, the upper layers of the country had a confidence index of 23.5. %, means (18.8%) and in the low of 11.2%. Among the reasons given by Fedesarrollo to give these results, there is a better disposition to purchase housing
The consumer confidence index comprises five aspects. Three refer to household expectations for a year; the other two "allude to consumer perceptions about the current economic situation.The Consumer Expectations Index (IEC) is built with the top three, and the Economic Conditions Index (ECI) is constructed with the other two, "explains Fedesarrollo
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