In March, the Davivienda Confidence Indicator (ICD) on the economic situation of the country, presented a new setback compared to February. This is most likely explained by the strong inflationary pressures in the family basket that Colombian households have been experiencing for several months.
(Read: The country’s companies are absent in social conversations).
Of the people who answered the survey, 16.3% thought that their confidence improved from the previous month; on the contrary, 30.1% affirmed that it decreased, giving a balance of -13.8%. This figure is lower than the -7.4% reached in February.
The level reached by the Confidence Indicator is above the historical average (-20.8%). For the month of March, the perception of the economic situation registered a significant decrease compared to the month of February, reaching the lowest figure in the last 8 months.
The percentage of those who believe that the economic situation is very good or good decreased from 20.8% in February to 16.2% in March.
For its part, the percentage that stated that the economic situation is bad or very bad increased from 27.5% in February to 29.3% in March.
Under these conditions, the balance between those who say that the situation is very good or good and those who think that it is very bad or bad decreased to -13.1%. With the consolidated data for the month of March, it was observed that the percentage of those who think that it is a good time to acquire a financial obligation decreased ostensibly compared to the previous month.
(What’s more: First quarter of 2022, with a bittersweet balance in the figures).
Of the total number of respondents, 16.7% responded favorably to this question, while in February this percentage had been 23.6%.
The proportion reached in March is, however, slightly higher than the historical average of the indicator, which is 15.8%.
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