Brazil Consumer Confidence November 2019

Brazil

Brazil: Consumer confidence slips in November

November 28, 2019

The seasonally-adjusted consumer confidence index published by the Getulio Vargas Foundation (FGV) fell to 88.9 points in November from October’s 89.4 points, the worst reading seen since July. As a result, the index lies further below the 100-point threshold and reveals pessimism among consumers.

November’s fall was driven by consumers’ more pessimistic assessment of the future economic situation.

LatinFocus panelists expect private consumption to rise 2.4% in 2020, which is unchanged from last month’s forecast. For 2021, panelists expect private consumption to increase 2.7%.


Author: Angela Bouzanis, Lead Economist

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Brazil Consumer Confidence Chart


Brazil Consumer Confidence November 2019

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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