Brazil Consumer Confidence November 2017

Brazil

Brazil: Consumer confidence hits six-month high in November

November 28, 2017

The consumer confidence index published by the Getulio Vargas Foundation (FGV, Fundaçao Getúlio Vargas) increased a seasonally-adjusted 3.7% from the previous month in November. The index rose from October’s 83.7 to 86.8. The improvement was driven by consumers’ less pessimistic views regarding both 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. Despite recent gains, the index still lies deep in pessimistic territory.

Panelists surveyed for this month’s LatinFocus report expect private consumption to rise 2.3% in 2018, which is unchanged from last month’s forecast. For 2019, panelists expect private consumption to rise 2.5%.


Author: Angela Bouzanis, Senior Economist

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Brazil Consumer Confidence November 2017

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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