Brazil Consumer Confidence February 2018

Brazil

Brazil: Consumer confidence falls in February

February 26, 2018

The consumer confidence index published by the Getulio Vargas Foundation (FGV, Fundaçao Getúlio Vargas) fell a seasonally-adjusted 1.6% from the previous month in February. The index decreased from January’s over two-year high of 88.8 to 87.4. The deterioration was driven by consumers’ more 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 recent gains, the index still lies deep in pessimistic territory.

Panelists surveyed for this month’s LatinFocus report expect private consumption to rise 2.8% in 2018, which is up 0.1 percentage points from last month’s forecast. For 2019, panelists also expect private consumption to rise 2.8%.


Author: Angela Bouzanis, Lead Economist

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Brazil Consumer Confidence February 2017 0

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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