Brazil Consumer Confidence December 2016

Brazil

Brazil: Consumer confidence falls to six-month low in December

December 27, 2016

The consumer confidence index published by the Getulio Vargas Foundation (FGV, Fundaçao Getúlio Vargas) decreased a seasonally-adjusted 7.3% from the previous month in December, after falling 4.0% in November. The index declined from November’s 79.1 to 73.3—a six-month low. The deterioration was driven by consumers’ more pessimistic views regarding the current and future 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. The index currently lies deep in pessimistic territory.

Panelists surveyed for this month’s LatinFocus report expect private consumption to be flat in 2017, which is unchanged from last month’s forecast. For 2018, panelists expect private consumption to rise 1.9%.


Author: Angela Bouzanis, Senior Economist

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Brazil Consumer Confidence December 2016

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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