Brazil Consumer Confidence October 2016


Brazil: Consumer confidence edges up in October

October 26, 2016

Consumer confidence in Brazil continued to improve in October, reaching the highest level since December 2014. The consumer confidence index published by the Getulio Vargas Foundation (FGV, Fundaçao Getúlio Vargas) rose a seasonally-adjusted 2.2% from the previous month, which followed the 1.6% increase recorded in September. This boosted the index from 80.6 points to 82.4 points. The improvement was driven by consumers’ relatively less pessimistic views regarding the current and future economic situations compared to the previous month.

The FGV confidence index spans a range from 1 to 200 points, where 100 points is considered neutral. Despite continued gains seen over the past months, consumer confidence remains firmly within pessimistic territory.

Panelists surveyed for this month’s LatinFocus report expect private consumption to fall 4.4% in 2016, which is unchanged from last month’s forecast. For 2017, panelists expect private consumption to rise 0.3%, which is down 0.1 percentage points from the previous month’s projection.

Author: Angela Bouzanis, Senior Economist

Sample Report

Looking for forecasts related to Consumer Confidence in Brazil? Download a sample report now.


Brazil Consumer Confidence Chart

Brazil Consumer Confidence October 2016

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.

Brazil Economic News

More news

Search form