Consumer confidence in Brazil fell to 48.4 in the first quarter of 2019 from 49.8 in the previous period. Consumer were more concerned about inflation (59 from 55.3 in Q4) and unemployment (54.7 from 50.4, and expectations regarding future personal income deteriorated (50.5 from 53.7). The current release shows a change in methodology from monthly to a quarterly. The diffusion index, range goes from 0 to 100 points, values above 50 points indicate confident consumers, while values below 50 points, lack of confidence. The series have been recalculated since 2009 to reflect the change in periodicity and the new methodology. 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 124.00 in 12 months time. In the long-term, the Brazil Consumer Confidence is projected to trend around 118.00 Index Points in 2020, according to our econometric models.