Brazil Consumer Confidence June 2020

Brazil

Brazil: Consumer sentiment continues to improve in June

June 24, 2020

The seasonally-adjusted consumer confidence index published by the Getulio Vargas Foundation (FGV) increased to 71.1 points in June from 62.1 points in May. However, the index remained mired below the 100-point threshold separating consumer pessimism from optimism.

June’s upturn was largely driven by households’ less negative assessment of future economic conditions, likely reflecting their expectations that easing of social distancing measure will improve labor market conditions. Moreover, consumers’ appraisal of current conditions also turned less pessimistic compared to the previous month.

LatinFocus panelists project private consumption to decline 6.6% in 2020, which is down 1.6 percentage points from last month’s forecast. For 2021, panelists see private consumption increasing 3.7%.


Author:, 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 June 20 20

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