Brazil Consumer Confidence October 2018

Brazil

Brazil: Consumer confidence rises in October

October 29, 2018

The seasonally-adjusted consumer confidence index published by the Getulio Vargas Foundation (FGV, Fundaçao Getúlio Vargas) jumped 4.9% from the previous month in October, increasing to 86.1 (September: 82.1). The rise was driven by consumers’ less pessimistic assessments of the future economic situation.

The FGV confidence index spans a range from 1 to 200 points, where 100 points is considered neutral. Despite improvements over the past two years the index remains entrenched in negative territory.

Panelists surveyed for this month’s LatinFocus report expect private consumption to rise 2.7% in 2019, which is unchanged from last month’s forecast. For 2020, panelists expect private consumption to increase 2.8%.


Author: Angela Bouzanis, Senior Economist

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Brazil Consumer Confidence October 2018

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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