The FGV Consumer Confidence Index in Brazil rose 4.1 points from the previous month to 83.6 in August of 2022, the highest since January 2020 due to higher expectations regarding the next few months and improved current economic conditions. Improvements in the labour market and a deceleration in inflation raise the appetite for purchases, which occurs more intensely for the higher income classes. Still, the political scenario remains a concern for the coming months. The subindex for future economic expectations increased by 0.6 points from the previous month to 92.6, the highest since February 2020. And the gauge for current conditions went up by 1.4 points to 71.7, the highest since November 2020.
Economic Optimism Index in Brazil averaged 90.44 Index Points from 2005 until 2022, reaching an all time high of 113.20 Index Points in April of 2012 and a record low of 58.20 Index Points in April of 2020. This page provides - Brazil Economic Optimism Index- actual values, historical data, forecast, chart, statistics, economic calendar and news. Brazil FGV Consumer Confidence - data, historical chart, forecasts and calendar of releases - was last updated on September of 2022.
Economic Optimism Index in Brazil is expected to be 82.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil FGV Consumer Confidence is projected to trend around 80.00 Index Points in 2023, according to our econometric models.