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.