Consumer confidence in Brazil increased to 110.6 in October of 2018 from a near 4-year high of 105.9 in the previous month. It is the fourth consecutive improvement in confidence and the strongest since October 2014, as expectations regarding financial situation rose significantly (100.2 from 92.0 in September). In addition, households were more optimistic about inflation (123.3 from 117), unemployment (132.7 from 122.9) and personal income (102.6 from 97.7). In contrast, the willingness to make major purchases continued to decline (110.5 from 110.8). Consumer Confidence in Brazil averaged 106.46 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 110.00 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 113.00 in 12 months time. In the long-term, the Brazil Consumer Confidence is projected to trend around 115.00 Index Points in 2020, according to our econometric models.