The consumer confidence index published by the Getulio Vargas Foundation (FGV, Fundacao Getulio Vargas) declined a seasonally adjusted 4.6% over the previous month to reach 118.7 points in August, after the index reached its highest level in almost six years in July. The lower confidence reading reflected a less optimistic assessment of future expectations (-4.5% month-on-month) as well as the current economic situation (-2.9% mom). The FGV confidence index has a range spanning 1 to 200 points, where 100 points is considered neutral. Despite the August drop, the consumer confidence index remains well above the threshold, which bodes well for solid growth in private consumption in the remainder of this year.
Brazil Consumer Confidence
Consumer confidence drops in August
August 25, 2011
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Brazil Economic News
October 25, 2016
Brazil’s current account balance improved in September, continuing to build on the considerable gains made over the past year.
October 19, 2016
At its 19 October meeting, the Central Bank’s Monetary Policy Committee (COPOM, Comite de Politica Monetaria) decided to cut the benchmark SELIC interest rate for the first time in four years, lowering it from 14.25% to 14.00%.
October 18, 2016
Retail sales (excluding cars and construction) fell 0.6% in August from the previous month in seasonally-adjusted terms.
October 7, 2016
Consumer prices in September increased 0.08% over the previous month, the lowest rise since July 2014.
October 4, 2016
In August, industrial production plunged 3.8% over the previous month in seasonally-adjusted terms, which significantly contrasted the 0.1% expansion recorded in July and marked the worst result since January 2012.