The consumer confidence index published by the Getulio Vargas Foundation (FGV, Fundacao Getulio Vargas) declined a seasonally adjusted 3.4% over the previous month to reach 114.7 points in September, below the 118.7 points registered in August. The result represented the second consecutive monthly drop in consumer confidence, which is currently sitting at its lowest level since March 2010. The lower confidence reading reflected a less optimistic assessment of the current economic situation (-4.1% month-on-month) as well as of future expectations (-2.9% mom). The FGV confidence index has a range spanning 1 to 200 points, where 100 points is considered neutral. Despite the September drop, the consumer confidence index remains well above the 100-point threshold, which suggests sustained growth in private consumption for the remainder of this year.
Brazil Consumer Confidence
Consumer confidence falls to the lowest level in 18 months
September 27, 2011
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Brazil Economic News
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.
October 3, 2016
The Markit manufacturing Purchasing Managers’ Index (PMI) rose slightly in September, increasing from August’s 45.7 to 46.0.