Brazil Consumer Confidence September 2019

Brazil

Brazil: Consumer confidence reaches six-month high in September but remains pessimistic

September 25, 2019

The seasonally-adjusted consumer confidence index published by the Getulio Vargas Foundation (FGV) increased to 89.7 points in September, above August’s 89.2 points and marking the best performance since March this year. Nevertheless, with the index spanning a range from 1 to 200 points and the neutral mark at 100 points, the figure still underlines pessimistic conditions overall.

The improvement was driven by consumers’ less pessimistic assessment of the future economic situation.

LatinFocus panelists expect private consumption to rise 1.5% in 2019. For 2020, panelists expect private consumption to increase 2.6%, which is unchanged from last month’s forecast.


Author:, Economist

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Brazil Consumer Confidence September 2019

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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