Brazil Consumer Confidence June 2018

Brazil

Brazil: Consumer confidence deteriorates for the third month in a row in June

June 22, 2018

The consumer confidence index published by the Getulio Vargas Foundation (FGV, Fundaçao Getúlio Vargas) fell a seasonally-adjusted 5.5% from the previous month in June, decreasing from 86.9 to 82.1, the worst print in ten months. The deterioration was driven by consumers’ more negative assessment of both the current and future economic situation.

The FGV confidence index spans a range from 1 to 200 points, where 100 points is considered neutral. Three consecutive drops throughout the second quarter have sunk the index further into pessimistic territory.

Panelists surveyed for this month’s LatinFocus report expect private consumption to rise 2.5% in 2018, which is unchanged from last month’s forecast. For 2019, panelists expect private consumption to rise 3.0%.


Author: Angela Bouzanis, Senior Economist

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Brazil Consumer Confidence June 2018

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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