Brazil Consumer Confidence December 2020

Brazil

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

December 22, 2020

The seasonally-adjusted consumer confidence index published by the Getulio Vargas Foundation came in at 78.5 in December, down from November's 81.7 and marking the worst reading since June. As a result, the index remained entrenched below the 100-point threshold, and indicated pessimism among consumers.

The headline print reflected a deterioration in consumers’ views of the current economic situation as well as more pessimism over future economic situation.

LatinFocus panelists project private consumption to grow 3.6% in 2021, which is down 0.1 percentage points from last month’s forecast. For 2022, panelists see private consumption increasing 2.6%.


Author:, Economist

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Brazil Consumer Confidence December 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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