Brazil Consumer Confidence

Brazil

Brazil: Consumer confidence rises in December

December 23, 2014

In December, the consumer confidence index published by the Getulio Vargas Foundation (FGV, Fundaçao Getulio Vargas) increased a seasonally-adjusted 0.9% over the previous month, which contrasted the 6.1% fall recorded in November. The index rose from the 95.3 points tallied in November to 96.2 points in December. The figure was the result of an improvement in both consumers’ future outlook on the economy and their current economic situation indexes compared to the previous month.

The FGV confidence index spans a range from 1 to 200 points, where 100 points is considered neutral. Despite this month’s gain, consumer confidence lies in pessimistic territory and has followed a broadly-based downward trend from mid-2012 until the present.

LatinFocus Consensus Forecast participants expect private consumption to expand 1.1% in 2015, which is down 0.1 percentage points from last month’s forecast. For 2016, panelists expect private consumption to increase 1.9%.


Author: Angela Bouzanis, Senior Economist

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Brazil Consumer Confidence Chart


Brazil Consumer Confidence December 2014

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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