Brazil Consumer Confidence November 2021

Brazil

Brazil: Consumer sentiment falls in November

November 24, 2021

The seasonally-adjusted consumer confidence index published by the Getulio Vargas Foundation fell to 74.9 in November, following October’s 76.3 reading. As a result, the index remained below the 100-point threshold, indicating pessimism among consumers.

November’s decrease came on the back of consumers’ more pessimistic assessment of current conditions, while their views on the future economic situation also deteriorated.

Panelists participating in the LatinFocus Consensus Forecast project private consumption to grow 1.7% in 2022, which is down 0.5 percentage points from last month’s forecast. For 2023, panelists see private consumption increasing 1.9%.


Author:, Economist

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Brazil Consumer Confidence November 2021 0

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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