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.

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Brazil FGV Consumer Confidence



Related Last Previous Unit Reference
Economic Optimism Index 83.60 79.50 Index Points Aug 2022

Brazil FGV Consumer Confidence
IBRE/FGV's monthly Consumer Confidence Survey is designed to capture the sentiment of consumers about the general state of economy and their personal finances. Happy and optimistic consumers are likely to spend more; unhappy and pessimistic consumers spend less. Consumer confidence can thus operate to induce or reduce economic growth. Monitoring consumer sentiment can produce signals about future spending and saving that are useful for anticipating what will happen to the economy in the short run. The IBRE/FGV studies obtain, among other information, consumer assessments and forecasts about the local and family economic situation at the time and for the following months, employment prospects, and intentions and likelihood of buying high-value goods in the next six months. The Consumer Confidence Survey was started in 2002, and data are collected from over 2,000 informants in seven major state capitals: Belo Horizonte, Brasilia, Porto Alegre, Recife, Salvador, Rio de Janeiro, and São Paulo.
Actual Previous Highest Lowest Dates Unit Frequency
83.60 79.50 113.20 58.20 2005 - 2022 Index Points Monthly
SA

News Stream
Brazil Consumer Morale Highest Since January 2020
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.
2022-08-25
Brazil FGV Consumer Confidence at 11-Month High
The seasonally adjusted FGV Consumer Confidence Index in Brazil edged higher 0.5 points from the previous month to 79.5 in July 2022, the highest since August 2021, as the recent package of government aid to households offset concerns over a decline in purchasing power due to high inflation. The subindex for future economic expectations increased by 0.7 points from the previous month to 86.6, while the gauge for current conditions dropped by 0.1 points to 70.3.
2022-07-25
Brazil Consumer Confidence Improves in June
The seasonally adjusted FGV Consumer Confidence Index in Brazil rose by 3.5 points to 79 in June of 2022 from 75.5 in May, likely due to the recent package of incentives given by the government to households. The subindexes for current situation (70.4 vs 69.1 in May) and expectations for economic conditions (85.9 vs 81) significantly improved, particularly the intention to purchase durable goods.
2022-06-24