Brazil Consumer Confidence June 2016

Brazil

Brazil: Consumer confidence rises in June

June 27, 2016

In June, the consumer confidence index published by the Getulio Vargas Foundation (FGV, Fundaçao Getulio Vargas) rose a seasonally-adjusted 5.0% over the previous month, which followed the 5.4% increase recorded in May. As a result, the index increased from 67.9 points to 71.3 points, its highest level since June 2015. The improvement was driven by consumers’ less pessimistic views regarding 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. Despite June’s rise, consumer confidence remains at historic lows and is deep within pessimistic territory.

Panelists surveyed for this month’s LatinFocus report expect private consumption to fall 4.4% in 2016, which is unchanged from last month’s forecast. For 2017, panelists expect private consumption to rise 0.1%.


Author:, Economist

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Brazil Consumer Confidence June 2016 2

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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