Brazilian consumer sentiment rose for the eighth consecutive month in October. The index of consumer confidence published by the Getulio Vargas Foundation (FGV, Fundacao Getulio Vargas) inched up 0.1% over September in seasonally adjusted terms to reach 121.8 points in October. The upward trend in consumer optimism in place since March indicates that private consumption remained an important source of growth in the third quarter. However, October's broadly flat reading suggests that household spending can be losing momentum in the fourth quarter. The positive reading reflected an improvement in consumers' assessment regarding the situation for the next six months, as the sub-index rose 0.2% over the previous month, to reach 111.8 points. In contrast, sentiment regarding the current economic situation inched down to 140.7 points in October, only a notch below the historic high of 140.8 points recorded in September.
Brazil Consumer Confidence
Consumer confidence rises a notch in October
November 1, 2010
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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.