Brazil Consumer Confidence January 2017

Brazil

Brazil: Consumer confidence rises to three-month high in January

January 3, 2017

The consumer confidence index published by the Getulio Vargas Foundation (FGV, Fundaçao Getúlio Vargas) increased a seasonally-adjusted 8.5% from the previous month in January, after falling sharply in December. The index rose from December’s 73.1 to 79.3—a three-month high. 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. The index currently lies deep in pessimistic territory.

Panelists surveyed for this month’s LatinFocus report expect private consumption to be flat in 2017, which is unchanged from last month’s forecast. For 2018, panelists expect private consumption to rise 1.7%.


Author: Angela Bouzanis, Senior Economist

Sample Report

Looking for forecasts related to Consumer Confidence in Brazil? Download a sample report now.

Download

Brazil Consumer Confidence Chart


Brazil Consumer Confidence January 2017

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.


Brazil Economic News

More news

Search form