Consumer confidence in Brazil climbed to 114.3 in December of 2018 from 113.6 in the previous month. It is the sixth consecutive increase in confidence and the strongest since March 2013, as households were less concerned about inflation (136.3 from 133.9 in November) and unemployment (142.8 from 141.3). In addition, consumers were more optimistic regarding personal income (106.1 from 106.0), financial situation (101.4 from 100.3) and the willingness to make major purchases was unchanged (at 110.0). Conversely, the perception of debt deteriorated slightly (105.4 from 105.7). Consumer Confidence in Brazil averaged 106.55 Index Points from 1996 until 2018, reaching an all time high of 120.70 Index Points in October of 2010 and a record low of 89.41 Index Points in March of 1999.
Consumer Confidence in Brazil is expected to be 116.00 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 120.00 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.