Brazil Consumer Confidence


Consumer confidence retreats slightly in October

The consumer confidence index published by the Getulio Vargas Foundation (FGV, Fundacao Getulio Vargas) decreased in October a seasonally adjusted 0.3% over the previous month. As a result, the index fell to 121.7 points, which was below the 122.1 points registered in September. The lower reading reflects a deterioration in future expectations, while assessment of the current economic situation improved over the previous month. The FGV confidence index has a range spanning from 1 to 200 points, where 100 points is considered neutral. At the current level, the consumer confidence still sits comfortably above the 100-point threshold, which suggests sustained growth in private consumption going forward.


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Brazil Consumer Confidence Chart

Brazil Consumer Confidence October 2012

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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