Brazil: Consumer confidence falls in September

The seasonally-adjusted consumer confidence index published by the Getulio Vargas Foundation (FGV, Fundaçao Getúlio Vargas) fell 2.0% from the previous month in September, decreasing to 82.1 from August’s 83.8. The fall was driven by consumers’ more pessimistic assessments of the future economic situation.

The FGV confidence index spans a range from 1 to 200 points, where 100 points is considered neutral. Despite improvements over the past two years the index remains entrenched in negative territory.

Brazil Private Consumption Forecast

Panelists surveyed for this month’s LatinFocus report expect private consumption to rise 2.2% in 2018, which is unchanged from last month’s forecast. For 2019, panelists expect private consumption to increase 2.8%, also unchanged from the previous month’s forecast.