Brazil Consumer Confidence March 2021

Brazil

Brazil: Consumer confidence records worst reading in ten months in March

March 23, 2021

The seasonally-adjusted consumer confidence index published by the Getulio Vargas Foundation fell to 68.2 in March from February's 78.0, marking the worst reading since May 2020. As a result, the index remained entrenched below the 100-point threshold, separating pessimism from optimism among consumers.

March’s downturn chiefly came on the back of a deterioration in consumers’ assessments of the future economic situation.

LatinFocus panelists project private consumption to grow 3.2% in 2021, which is down 0.1 percentage points from last month’s forecast. For 2022, panelists see private consumption increasing 2.6%.


Author:, Economist

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Brazil Consumer Confidence March 2021

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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