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Colombians are increasingly insecure when it comes to spending their money

In November, the Colombian Consumer Confidence Index (ICC) registered a balance of -24.8%, which represents a decrease of 5.3 percentage points (pps) compared to the previous month.

This demonstrates lower consumer confidence compared to the previous month, and ranks as the lowest balance obtained since May 2021.

Read also: Check out our coverage on Colombia

This result was mainly due to a 7.2 percentage point drop in the Consumer Expectations Index and a 2.3 percentage point drop in the Economic Conditions Index.

Consumer . . .

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