Brazil Consumer Confidence

Brazil

Brazil: Consumer confidence falls in May

May 27, 2015

In May, the consumer confidence index published by the Getulio Vargas Foundation (FGV, Fundaçao Getulio Vargas) fell a seasonally-adjusted 0.6% over the previous month, which contrasted the 3.3% rise recorded in April. As a result, the index fell from the 85.6 points tallied in April to 85.1 points in March. The deterioration was broad-based. In May, consumers were more pessimistic about the current economic situation and the 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. 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 May 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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