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​Consumption patterns

"The act of consuming." (dictionary.reverso, 2016)

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Consumer Spending in Colombia is expected to be 88915.67 COP Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Spending in Colombia to stand at 90202.42 in 12 months time. In the long-term, the Colombia Consumer Spending is projected to trend around 97476.67 COP Billion in 2020.

This is one of the most important items for our organization because as a company that offers products we need to know how, which and what our costumers are buying.

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Sources: 

http://www.tradingeconomics.com/colombia/consumer-spending/forecast

http://data.worldbank.org/indicator/NE.CON.PRVT.CD?locations=CO

(dictionary.reverso, 2016): http://dictionary.reverso.net/english-definition/consumption%20pattern

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