Brazil Consumer Confidence

Brazil

Brazil: Consumer confidence edges down in November

November 26, 2012

The consumer confidence index published by the Getulio Vargas Foundation (FGV, Fundacao Getulio Vargas) decreased in November a seasonally adjusted 1.4% over the previous month. As a result, the index fell to 120.0 points, which was below the 121.7 points registered in October. The lower reading reflects a deterioration in both future expectations as well as in the assessment of the current economic situation. The FGV confidence index has a range spanning from 1 to 200 points, where 100 points is considered neutral. At the current level, consumer confidence still sits comfortably above the 100-point threshold, which suggests sustained growth in private consumption going forward.


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Brazil Consumer Confidence November 2012

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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