Brazil Consumer Confidence July 2020

Brazil

Brazil: Consumer confidence improves, but remains in negative territory in July

July 24, 2020

The seasonally-adjusted consumer confidence index published by the Getulio Vargas Foundation (FGV) rose to 78.8 in July from June's 71.1 amid improved expectations over the economic recovery. Despite the upturn, the index still remained entrenched below the 100-point threshold, separating pessimism from optimism among consumers.

July’s improvement came on the back of consumers’ notably less negative assessment of the future economic situation. Moreover, households also grew slightly less pessimistic over the current economic situation compared to the previous month.

LatinFocus panelists project private consumption to decline 6.9% in 2020, which is down 0.3 percentage points from last month’s forecast. For 2021, panelists see private consumption increasing 3.9%.


Author:, Economist

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Brazil Consumer Confidence July 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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