Consumer confidence in Brazil came in at 42.8 in the third quarter of 2020, down from 47.3 in the last quarter of 2019. It was the lowest reading since the second quarter of 2018, amid the coronavirus crisis. Household's assessment deteriorated regarding their financial situation (45.3 vs 49.0 in Q4 2019) and future personal income (44.5 vs 50.1). Also, consumers were more concerned about inflation (71.4 vs 63.4) and unemployment (65.1 vs 56.5). Meanwhile, household's assessment about major purchases (54.4 vs 53.4) strengthened and debt situation is expected to improve slightly (50.7 vs 49.2). The CNI suspended its Q1 and Q2 reports due to the COVID-19 outbreak. source: Confederacao Nacional da Industria (CNI)
Consumer Confidence in Brazil averaged 76.98 points from 1996 until 2019, reaching an all time high of 116 points in the third quarter of 2006 and a record low of 37.90 points in the second quarter of 2015. This page provides the latest reported value for - Brazil Consumer Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Brazil Consumer Confidence - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.
Consumer Confidence in Brazil is expected to be 43.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in Brazil to stand at 47.00 in 12 months time. In the long-term, the Brazil Consumer Confidence is projected to trend around 49.00 points in 2021 and 53.00 points in 2022, according to our econometric models.