Colombia saw a recovery in consumer confidence during the month of April; the indicator, which stood at 1.5, had not been in positive territory since the end of 2015, a promising indicator of the recovery of aggregate demand in 2018. Lower inflation and interest rates have reportedly restored Colombians' purchasing power, allowing for a significant increase in demand for consumer credit, promising a promising outlook for the remainder of 2018. BanRep General Manager Juan José Echavarría will present the quarterly inflation report today at 12 p.m. Nine days before the first round of the presidential elections, Iván Duque maintains his lead, although his advantage is narrowing, according to two polls on voting intentions published yesterday. The survey by the National Consulting Center shows Iván Duque with 36% versus 38% previously; Gustavo Petro rises to 27% from 25%, and Sergio Fajardo is in third place with 18%. The YanHaas survey shows Iván Duque at 35% (from 38%), Petro at 26% (vs. 28%), and Fajardo at 14%. The peso (COP) closed down 1,5% at 2.904,90 the previous session, amid a widespread decline in EM pairs, and is heading for its fifth consecutive week of depreciation.
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