Brazil Consumer Confidence


Brazil: Consumer confidence falls to new record low in September

September 28, 2015

In September, the consumer confidence index published by the Getulio Vargas Foundation (FGV, Fundaçao Getulio Vargas) fell a seasonally-adjusted 5.3% over the previous month, which followed the 1.7% decrease recorded in August. As a result, the index dropped from the 80.6 points tallied in August to 76.3 points in September, a new record low. The decline was driven by more pessimistic views regarding the future and current economic situations 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 drop, consumer confidence fell deeper into pessimistic territory. The index has followed a broadly-based downward trend from mid-2012 through the present.

FocusEconomics Consensus Forecast participants expect private consumption to fall 2.2% in 2015, which is down 0.8 percentage points from last month’s forecast. For 2016, panelists expect private consumption to contract 0.6%.

Author: Angela Bouzanis, Senior Economist

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Brazil Consumer Confidence Chart

Brazil Consumer Confidence September 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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