Brazil Consumer Confidence May 2017

Brazil

Brazil: Consumer confidence falls in June

May 31, 2017

The consumer confidence index published by the Getulio Vargas Foundation (FGV, Fundaçao Getúlio Vargas) decreased a seasonally-adjusted 2.3% from the previous month in June. The index fell from May’s 84.2 to 82.3. The deterioration was driven by consumers’ more pessimistic views regarding the current and future 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. The index currently lies deep in pessimistic territory.

Panelists surveyed for this month’s LatinFocus report expect private consumption to fall 0.2% in 2017, which is down 0.2 percentage points from last month’s forecast. For 2018, panelists expect private consumption to rise 1.6%.


Author: Angela Bouzanis, Senior Economist

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Brazil Consumer Confidence May 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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