Brazil Consumer Confidence July 2021

Brazil

Brazil: Consumer confidence rises to nine-month high but remains pessimistic in July

July 26, 2021

The seasonally-adjusted consumer confidence index published by the Getulio Vargas Foundation came in at 82.2 in July, up from June's 80.9. July's result marked the strongest sentiment since October 2020. As a result, the index moved closer to the 100-point threshold; however, it still indicated pessimism among consumers.

July’s rise came on the back of an improvement in consumers' assessments of the future economic situation. Meanwhile, their perception of the current economic situation worsened somewhat from the previous month.

LatinFocus panelists project private consumption to grow 4.0% in 2021, which is up 0.2 percentage points from last month’s forecast. For 2022, panelists see private consumption increasing 2.6%.


Author:, Economist

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Brazil Consumer Confidence July 2021

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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