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Brazil Consumer Confidence January 2023

Brazil: Consumer sentiment deteriorates in January

The seasonally adjusted consumer confidence index published by the Getulio Vargas Foundation (Fundação Getúlio Vargas) fell to 85.8 in January from December’s 88.0. As such, the index moved further below the 100-point threshold, indicating starker pessimism among Brazilian consumers.

The downtick came on the back of a deterioration in consumers views of the future economic situation, which became pessimistic in January, following Decembers timid optimism. This more than offset the improvement in consumers assessment of the current economic situation—although it still remained deeply pessimistic.

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