Brazil's Consumer Confidence Hits 3-Month High

Brazil's seasonally adjusted FGV-IBRE Consumer Confidence Index rose 2.0 points to 88.1 in March 2026, its highest level since December 2025. The gain was driven by improved expectations for the coming months. The Expectations Index jumped 3.4 points to 92.1, with household future financial situation rising 6.5 points to 89.4 and future local economic situation advancing 1.8 points to 105.5, both reaching December 2025 highs. Planned durable goods purchases rose 1.1 points to 82.8. The Current Situation Index fell 0.3 points to 83.2, as current local economic situation declined 1.4 points to 94.7, though current household financial situation rose 0.8 points to 72.1. Confidence improved across most income groups except those earning over R$9,600. On a three-month moving average, confidence fell 0.3 points to 87.2.

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.