The consumer confidence index published by the Getulio Vargas Foundation (FGV, Fundacao Getulio Vargas) dropped a seasonally adjusted 1.6% over the previous month to 118.2 points in April. Despite two consecutive negative readings, the index is still 2.1% higher than in the same month the year before but retreated from 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 decline in confidence was driven by a less optimistic assessment of the current economic situation, as consumers' spending decisions have been increasingly constrained by the current monetary tightening cycle, which saw interest rates rise by 125 basis points since January. However, consumer sentiment remains elevated, which bodes well for a resilient expansion in private consumption this year.
Brazil Consumer Confidence
Consumer confidence moderates further in April
April 29, 2011
Looking for forecasts related to Consumer Confidence in Brazil? Download a sample report now.
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.