Brazil Consumer Confidence January 2018

Brazil

Brazil: Consumer confidence hits over two-year high in January

January 25, 2018

The consumer confidence index published by the Getulio Vargas Foundation (FGV, Fundaçao Getúlio Vargas) rose a seasonally-adjusted 0.5% from the previous month in January. The index rose from December’s 88.4 to 88.8—the best reading since October 2014. The improvement was driven by consumers’ less pessimistic views regarding the current economic situation compared to the previous month.

The FGV confidence index spans a range from 1 to 200 points, where 100 points is considered neutral. Despite recent gains, the index still lies deep in pessimistic territory.

Panelists surveyed for this month’s LatinFocus report expect private consumption to rise 2.8% in 2018, which is up 0.1 percentage points from last month’s forecast. For 2019, panelists expect private consumption to rise 2.8%.


Author: Angela Bouzanis, Lead Economist

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Brazil Consumer Confidence January 2017 0

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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