Brazil Consumer Confidence August 2018

Brazil

Brazil: Consumer confidence falls in August

August 30, 2018

The consumer confidence index published by the Getulio Vargas Foundation (FGV, Fundaçao Getúlio Vargas) fell a seasonally-adjusted 0.5% from the previous month in August, decreasing to 83.8 from July’s 84.2. The fall was driven by consumers’ more pessimistic assessments of the current economic situation.

The FGV confidence index spans a range from 1 to 200 points, where 100 points is considered neutral. Despite improvements over the past two years the index remains entrenched in negative territory.

Panelists surveyed for this month’s LatinFocus report expect private consumption to rise 2.2% in 2018, which is unchanged from last month’s forecast. For 2019, panelists expect private consumption to increase 2.9%.


Author:, Economist

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Brazil Consumer Confidence August 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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