Brazil Consumer Confidence June 2022

Brazil

Brazil: Consumer confidence improves but remains in negative territory in June

June 24, 2022

The seasonally-adjusted consumer confidence index published by the Getulio Vargas Foundation (Fundação Getúlio Vargas) came in at 79.0 in June, up from May's 75.5. June's result marked the best reading since August 2021. Despite the uptick, the index remained below the 100-point threshold, indicating stark pessimism among consumers.

The rise came on the back of an improvement in consumers' views of the future economic situation.

Panelists participating in the LatinFocus Consensus Forecast project private consumption to grow 1.3% in 2022, which is up 0.2 percentage points from last month’s forecast. For 2023, panelists see private consumption increasing 1.4%.


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Brazil Consumer Confidence June 2022 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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