The seasonally adjusted FGV Consumer Confidence index in Brazil rose for the first time in five months to 78 in February of 2021. Consumers were less pessimistic about spending amid the start of the immunization campaign against Covid-19 in the country and prospects of the government resuming emergency aid. The gauge for households' expectations rose 2.7 points to 84.8, and the current situation index went up 1.4 points to 69.5. "Confidence levels, however, remain low and sustaining an upward trend will depend on factors such as the speed of vaccination, the evolution of pandemic numbers in Brazil and, mainly, the recovery of the labour market, something difficult in the first half of 2021, considering the great difficulty that will again be faced by companies in the service sector, the segment that most employs in the country", said Viviane Seda Bittencourt, survey coordinator at FGV's Brazilian Institute of Economics.

Economic Optimism Index in Brazil averaged 91.74 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 February of 2021.

Economic Optimism Index in Brazil is expected to be 81.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Brazil FGV Consumer Confidence

Actual Previous Highest Lowest Dates Unit Frequency
78.00 75.80 113.20 58.20 2005 - 2021 Index Points Monthly

Calendar GMT Actual Previous Consensus TEForecast
2020-12-22 11:00 AM Dec 78.5 81.7 81
2021-01-26 11:00 AM Jan 75.8 78.5 76
2021-02-24 11:00 AM Feb 78 75.8 74
2021-03-23 11:00 AM Mar 78
2021-04-28 11:00 AM Apr

Brazil Consumer Last Previous Highest Lowest Unit
Consumer Confidence 43.80 42.80 116.00 37.90 points [+]
Retail Sales MoM -6.10 -0.10 12.00 -16.60 percent [+]
Retail Sales YoY 1.20 3.60 15.70 -17.10 percent [+]
Consumer Spending 1167912.87 1038339.92 1262582.96 125685.05 BRL Million [+]
Consumer Credit 2238423.00 2203609.00 2238423.00 0.00 BRL Million [+]
Private Sector Credit 3794675.00 3723627.00 3794675.00 0.00 BRL Million [+]
Bank Lending Rate 37.01 38.14 254.28 37.01 percent [+]
Gasoline Prices 0.85 0.87 1.58 0.53 USD/Liter [+]
Households Debt To GDP 31.40 30.40 31.40 10.40 percent of GDP [+]
Economic Optimism Index 78.00 75.80 113.20 58.20 Index Points [+]

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.