Brazil: Consumer sentiment resumes upward trend in July; industrial sentiment deteriorates further
Latest reading: The seasonally adjusted consumer confidence index published by the Getulio Vargas Foundation (Fundação Getúlio Vargas) rose to 86.7 in July, recovering from June’s blip (85.9) and resuming the upward trend that began in March. July’s reading matched May’s, marking the joint-highest print since December 2024. As a result, the index moved closer to, but remained below, the 100-point threshold, indicating softening pessimism among Brazilian consumers.
Conversely, the seasonally adjusted industrial business confidence index deteriorated to a 20-month low of 94.8 (June: 96.8). As such, the index moved further below the 100-point threshold, signaling deeper pessimism among industrial firms.