Both business and industrial confidence have deteriorated in Colombia, according to the October Fedesarrollo survey. In the first case, the indicator fell to 17% compared to September, the lowest figure since August 2020, while industrial confidence fell to -0.4%, a result not seen since May 2021.
According to the think tank, the drop in business confidence is due to lower business expectations for the coming months. "The decrease was mainly explained by the reduction of 18.1 pps in perception for the next six months of the company and 3.4 pps in its economic situation at the time . . .