The consumer confidence index published by the Getulio Vargas Foundation (FGV, Fundacao Getulio Vargas) rose a seasonally adjusted 0.8% over the previous month to reach 122.6 points in February. At the current level, the index is 10.9% higher than in the same month the year before and further approaches the historic high of 124.2 points recorded in November 2010. The FGV index has a range of 1 to 200 points, where 100 points is neutral. The increase was broad-based, as consumers' assessment of both the current and future economic situation improved over the previous month. The rise in consumer sentiment bodes well for a resilient expansion in private consumption in the first quarter of 2011.
Brazil Consumer Confidence
Consumer confidence rises towards November 2010 peak
February 24, 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.