Brazil Consumer Confidence

Brazil

Brazil: Consumer confidence falls in June

June 29, 2015

In June, the consumer confidence index published by the Getulio Vargas Foundation (FGV, Fundaçao Getulio Vargas) fell a seasonally-adjusted 1.4% over the previous month, which followed the 0.6% decrease recorded in May. As a result, the index fell from the 85.1 points tallied in May to 83.9 points in June. The decline was driven by more pessimistic views regarding the current economic situation compared to the previous month.

The FGV confidence index spans a range from 1 to 200 points, where 100 points is considered neutral. As a result of the monthly loss, consumer confidence fell slightly deeper into pessimistic territory. The index has followed a broadly-based downward trend from mid-2012 until the present.

LatinFocus Consensus Forecast participants expect private consumption to expand 0.2% in 2015, which is unchanged from last month’s forecast. For 2016, panelists expect private consumption to increase 0.9%.


Author: Angela Bouzanis, Senior Economist

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Brazil Consumer Confidence Chart


Brazil Consumer Confidence June 2015

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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