Key Points
- Consumer confidence posted its strongest outcome since early 2015.
- Gains are broad throughout cities and most revenue teams, however the high tier remains to be barely damaging.
- Durables are bettering quick; autos and housing stay hesitant.
Fedesarrollo’s November 2025 Consumer Confidence Index rose to a stability of 17.0%, one of the best since January 2015 (17.9%). A “stability” is optimistic solutions minus damaging ones. October was 13.6%, and November added 3.4 factors.
Expectations climbed 2.3 factors to twenty.4 (finest since June 2018) and financial circumstances jumped 5.0 factors to 11.9 (finest since June 2015). A 12 months earlier, headline confidence was -5.7%, expectations -4.1%, and circumstances -8.2%.
Why this issues overseas: Colombia’s home demand feeds regional commerce, company earnings, and funding selections, and confidence usually shifts earlier than spending does.
The “will your family be higher off?” stability was 38.0%, down from 41.7% in October. “Good financial occasions within the subsequent 12 months” rose to 10.0% from 3.1%, and “the nation can be higher in 12 months” elevated to 13.2% from 9.5%.
The durables sign strengthened. The query on whether or not it’s a good time to purchase objects corresponding to furnishings and home equipment rose 17 factors and stayed optimistic at 12.5%, versus -5.0% a 12 months earlier.
Overall willingness to accumulate durables elevated 1.7 factors from the prior month and 17.5 factors from November 2024, with Barranquilla at 48.1%.
All 5 surveyed cities had been optimistic on confidence: Barranquilla 37.9% (from -1.7% a 12 months earlier), Cali 24.8% (from -9.0%), Bucaramanga 18.7% (from 7.0%), Bogotá 15.0%, and Medellín 7.7%.
By revenue, the excessive tier was the one group damaging (-1.4%), versus 17.6% for middle-income and 18.2% for low-income. The caveat is big-ticket objects.
Vehicle-buying intent was -17.7%, bettering from -34.1% in October and -50.4% a 12 months earlier. Housing-buying intent improved to -12.6% from -21.7%, with Barranquilla at 31.6%, Medellín at -1.7%, and Bogotá at -23.0%.
The story behind the story is conditional restoration: households really feel higher, however they nonetheless hesitate when month-to-month funds are steep and the coverage atmosphere feels changeable.
