Consumer confidence in Brazil declined to 47 in the second quarter of 2019 from 48.4 in the previous period. Consumer were more concerned about inflation (59.6 from 59 in Q1) and unemployment (56.4 from 54.7). Also, household’s assessment regarding their financial situation (47.7 from 49.4) and future personal income expectations (49.7 from 50.5) deteriorated. Consumer Confidence in Brazil averaged 77.95 Index Points from 1996 until 2019, reaching an all time high of 116 Index Points in September of 2006 and a record low of 37.90 Index Points in June of 2015.
Consumer Confidence in Brazil is expected to be 49.00 Index 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 53.00 in 12 months time. In the long-term, the Brazil Consumer Confidence is projected to trend around 56.00 Index Points in 2020, according to our econometric models.