Brazil Consumer Confidence September 2020

Brazil

Brazil: Consumer confidence hits seven-month high but remains in pessimistic territory in September

September 25, 2020

The seasonally-adjusted consumer confidence index published by the Getulio Vargas Foundation (FGV) came in at 83.4 in September, up from August's 80.2 and marking the best result since February. Consequently, the index moved closer to, but still remained below, the 100-point threshold, indicating pessimism among consumers.

The rise came on the back of an improvement in consumers’ assessments of the current economic situation. In addition, households’ views of the future economic situation also improved.

LatinFocus panelists project private consumption to decline 6.4% in 2020, which is up 0.3 percentage points from last month’s forecast. For 2021, panelists see private consumption increasing 3.6%, which is down 0.3 percentage points from last month’s estimate.


Author:, Economist

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Brazil Consumer Confidence September 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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