Brazil Consumer Confidence October 2021

Brazil

Brazil: Consumer sentiment improves in October, remains pessimistic

October 25, 2021

The seasonally-adjusted consumer confidence index published by the Getulio Vargas Foundation rose to 76.3 in October, following September’s 75.3 reading. As a result, the index remained below the 100-point threshold, indicating pessimism among consumers.

October’s increase came on the back of consumers’ slightly less pessimistic assessment of current conditions, while their views on the future economic situation also turned less bleak.

Panelists participating in the LatinFocus Consensus Forecast project private consumption to grow 4.0% in 2021, which is down 0.2 percentage points from last month’s forecast. For 2022, panelists see private consumption increasing 2.2%.


Author:, Economist

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Brazil Consumer Confidence October 2021

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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