Brazil Consumer Confidence


Consumer confidence continues to slide in June

The consumer confidence index published by the Getulio Vargas Foundation (FGV, Fundacao Getulio Vargas) fell a seasonally adjusted 0.4% over the previous month in June. As a result, the index fell to 112.9 points, which was below the 113.4 points registered in May and represents the lowest level seen in more than three years. The reading reflects how a deterioration in households' assessment of the current economic situation more than offset a slight improvement in future expectations.

The FGV confidence index has a range spanning from 1 to 200 points, where 100 points is considered neutral. At the current level, consumer confidence still sits comfortably above the 100-point threshold, which suggests sustained growth in private consumption going forward.

LatinFocus Consensus Forecast participants expect private consumption to expand 3.1% in 2013, which is down 0.5 percentage points from last month's forecast. For 2014, panellists expect private consumption to increase 3.6%.


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Brazil Consumer Confidence Chart

Brazil Consumer Confidence June 2013

Note: Index of consumer sentiment (seasonally adjusted). The 100-point threshold represents the point above which consumers expect economic conditions to improve.
Source: Getulio Vargas Foundation.

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