Brazil Consumer Confidence


Brazil: Consumer confidence in April rises from March's record low

April 27, 2015

In April, the consumer confidence index published by the Getulio Vargas Foundation (FGV, Fundaçao Getulio Vargas) rose a seasonally-adjusted 3.3% over the previous month, which contrasted the 2.9% decrease recorded in March. The index rose from the record low level of 82.9 points tallied in March to 85.6 points in April. The improvement was broad-based. In April, consumers were more optimistic about the current economic situation and the future 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. As a result of the monthly gain, consumer confidence slightly closer to optimistic territory. The index has followed a broadly-based downward trend from mid-2012 until the present.

LatinFocus Consensus Forecast participants expect private consumption to expand 0.4% in 2015, which is down 0.5 percentage points from last month’s forecast. For 2016, panelists expect private consumption to increase 1.5%.

Author: Angela Bouzanis, Senior Economist

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Brazil Consumer Confidence Chart

Brazil Consumer Confidence April 2015

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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