The seasonally adjusted FGV Consumer Confidence index in Brazil increased for the third successive month to 80.9 in June of 2021, reaching the highest level in seven months. There was an improvement in both consumers' perception of the current situation (+2.9 to 71.6) and expectations for the coming months (+5.9 to 88.3). "For the first time since July last year, the intention to purchase durable goods has advanced more significantly, which seems related to greater optimism regarding the labor market in the coming months, although there are differences between the income groups. ”, said Viviane Seda Bittencourt, Survey Coordinator.

Economic Optimism Index in Brazil averaged 91.38 Index Points from 2005 until 2021, 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 July of 2021.

Economic Optimism Index in Brazil is expected to be 78.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Economic Optimism Index in Brazil to stand at 67.00 in 12 months time. In the long-term, the Brazil FGV Consumer Confidence is projected to trend around 70.00 Index Points in 2022 and 72.00 Index Points in 2023, according to our econometric models.

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Brazil FGV Consumer Confidence

Actual Previous Highest Lowest Dates Unit Frequency
80.90 76.20 113.20 58.20 2005 - 2021 Index Points Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2021-03-23 11:00 AM Mar 68.2 78 80
2021-04-28 11:00 AM Apr 72.5 68.2 64
2021-05-25 11:00 AM May 76.2 72.5 70
2021-06-24 11:00 AM Jun 80.9 76.2 78
2021-07-26 11:00 AM Jul 80.9 80
2021-08-27 11:00 AM Aug
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Brazil FGV Consumer Confidence at 7-Month High
The seasonally adjusted FGV Consumer Confidence index in Brazil increased for the third successive month to 80.9 in June of 2021, reaching the highest level in seven months. There was an improvement in both consumers' perception of the current situation (+2.9 to 71.6) and expectations for the coming months (+5.9 to 88.3). "For the first time since July last year, the intention to purchase durable goods has advanced more significantly, which seems related to greater optimism regarding the labor market in the coming months, although there are differences between the income groups. ”, said Viviane Seda Bittencourt, Survey Coordinator.
2021-06-24
Brazil FGV Consumer Confidence at 5-Month High
The seasonally adjusted FGV Consumer Confidence index in Brazil increased to 76.2 in May of 2021 from 72.5 in April, reaching the highest level in 5 months. Consumers became less pessimistic regarding their current (+4.2 to 68.7) and future (+3.2 to 82.4) situation. The gauge for the current economic situation of the country also improved (+2.3 to 73.9) and expectations for the economic situation reached the highest since October (at 109.6). Still, expectations for the financial situation of households in the coming months were unchanged (86.4) and the momentum for consumption remains very low (+0.4 to 53.5).
2021-05-25
Brazil Consumer Confidence Improves in April
The seasonally adjusted FGV Consumer Confidence index in Brazil rose by 4.3 points from the previous month to 72.5 in April of 2021, mainly due to an improvement in future expectations even though consumers remained cautious amid a worsening pandemic and associated economic difficulties faced by families. The gauge for households' expectations rose 6.7 points to 79.2 and the current situation index went up 0.5 points to 64.5.
2021-04-28
Brazil Consumer Confidence at 10-Month Low
The seasonally adjusted FGV Consumer Confidence index in Brazil fell sharply to 68.2 in March of 2021 from 78 in the previous month. It was the lowest reading since May, as consumers anticipate the worsening of pandemic across the country with serious risks to employment and income. The Covid-19 immunization campaign in Brazil is still slow and the number of daily hospitalizations and deaths advances rapidly, leading states and municipalities to adopt measures to restrict movements of people. The gauge for households' expectations tanked 12.3 points to 72.5, and the current situation index fell 5.5 points to 64.
2021-03-23

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.