Brazil Consumer Confidence Hits 11-Month High

Brazil’s seasonally adjusted FGV-IBRE Consumer Confidence Index fell to 87.3 in January 2026, its lowest level since October. The Expectations Index dropped 2.5 points to 91.3, also the weakest since October. Within expectations, the outlook for the local economy declined sharply, falling 5.8 points to 102.2, while households’ future financial situation fell 4.6 points to 87.8. The only positive contribution came from intended purchases of durable goods, which rose 3.4 points to 85.5, the highest since August. The Current Situation Index also weakened, slipping 0.8 point to 82.6, its second consecutive decline. Within this subindex, perceptions of the current local economy improved by 1.4 points to 95.5, but assessments of households’ current financial situation fell 2.9 points to 70.1. On a three-month moving average, overall confidence edged up 0.1 point to 88.4.

Brazil’s seasonally adjusted FGV-IBRE Consumer Confidence Index rose to 90.2 in December 2025 from 89.8 in November, the highest level since December 2024. The Expectations Index increased by 1.4 points to 95.2, also a one-year high. Within expectations, households’ outlook for their future financial situation edged up 0.1 point to 93.0, while intentions to purchase durable goods rose 0.3 point to 84.9. The indicator for the future local economic situation recorded a stronger gain, rising 3.6 points to 108.3, the highest since September 2024. In contrast, the Current Situation Index fell 1.4 points to 83.4 after two consecutive increases. The assessment of the current local economic situation declined 1.7 points to 94.1, while households’ current financial situation fell 1.0 point to 73.1.

Brazil’s seasonally adjusted FGV-IBRE Consumer Confidence Index rose to 89.8 in November 2025 from 88.5 in October, the highest level since December 2024. The Current Situation Index increased 1.8 points to 84.8, its strongest reading since December 2014. The indicator of current local economic conditions edged up 0.3 point to 95.8, the highest since January 2014, while the indicator of current family finances rose 3.3 points to 74.1 after two months of declines. The Expectations Index climbed 1.0 point to 93.8. Its components showed gains in expected family finances, up 3.2 points to 92.9, and planned durable goods purchases, up 2.0 points to 84.6. The only decline came from expected local economic conditions, which fell 2.2 points to 104.7.