Brazil Consumer Confidence May 2016

Brazil

Brazil: Consumer confidence rises in May

May 24, 2016

In May, the consumer confidence index published by the Getulio Vargas Foundation (FGV, Fundaçao Getulio Vargas) rose a seasonally-adjusted 5.4% over the previous month, which contrasted the 4.0% decrease recorded in April. As a result, the index increased from the 64.4 points tallied in April to 67.9 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 May’s rise, consumer confidence remains at historic lows and deeply into pessimistic territory.

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


Author: Angela Bouzanis, Senior Economist

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Brazil Consumer Confidence May 2016

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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