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April 7, 2022
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Confidence in the economic situation decreases for the third consecutive month

Confidence in the economic situation decreases for the third consecutive month

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%.

BRIEFCASE

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