Brazil Consumer Confidence


Brazil: Consumer confidence rises from record low

November 27, 2015

In November, the consumer confidence index published by the Getulio Vargas Foundation (FGV, Fundaçao Getulio Vargas) rose a seasonally-adjusted 1.3% over the previous month, which contrasted the 0.8% decrease recorded in October. As a result, the index rose from the record-low 75.7 points tallied in October to 76.7 points. The improvement was driven by consumers’ less pessimistic views regarding the current and future economic situations compared to the previous month.

The FGV confidence index spans a range from 1 to 200 points, where 100 points is considered neutral. Despite the monthly rise, consumer confidence remains deep into pessimistic territory.

FocusEconomics panelists expect private consumption to fall 2.9% in 2015, which is unchanged from last month’s forecast. For 2016, panelists participating in the LatinFocus Consensus Forecast expect private consumption to contract 1.7%, which is also unchanged from the previous month’s estimate.

Author: Angela Bouzanis, Senior Economist

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Brazil Consumer Confidence Chart

Brazil Consumer Confidence November 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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