Brazil Consumer Confidence November 2020

Brazil

Brazil: Consumer confidence falls in November

November 25, 2020

The seasonally-adjusted consumer confidence index published by the Getulio Vargas Foundation fell to 81.7 in November from October's 82.4. As a result, the index remained entrenched below the 100-point threshold, indicating pessimism among consumers.

November’s fall largely came on the back of a deterioration in consumers’ assessments of the current economic situation. In addition, households’ views of the future economic situation also turned more pessimistic.

LatinFocus panelists project private consumption to grow 3.7% in 2021, which is up 0.1 percentage points from last month’s forecast. For 2022, panelists see private consumption increasing 2.7%.


Author:, Economist

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Brazil Consumer Confidence November 20 20

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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