The consumer confidence index published by the Getulio Vargas Foundation (FGV, Fundacao Getulio Vargas) increased a seasonally adjusted 5.4% over the previous month to reach 124.4 points in July, the highest level since the index commenced in September 2005. The higher confidence reading reflected a more optimistic assessment of future expectations (+4.9% month-on-month s.a.) as well as the current economic situation (+4.3% mom s.a.). The FGV confidence index has a range spanning from 1 to 200 points, where 100 points is considered neutral. With the optimism of the consumers reaching new highs, it bodes well for solid growth in private consumption in the remainder of the this year.
Brazil Consumer Confidence
Consumer confidence rises to the highest level on record
July 26, 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.