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Brazil Economic Sentiment April 2023

Brazil: Consumer and business sentiment remain pessimistic in April

The seasonally adjusted consumer confidence index published by the Getulio Vargas Foundation (Fundação Getúlio Vargas) dropped to 86.8 in April, marginally down from March’s 87.0. As such, the index moved further below the 100-point threshold, indicating starker pessimism among Brazilian consumers.

The seasonally adjusted industrial business confidence index ticked up to 94.5 in April, improving marginally from March’s 94.4. As such, the index moved closer to, but remained below, the 100-point threshold, signaling pessimism among industrial firms. April’s reading was the strongest sentiment since October.

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