Brazil: Consumer sentiment improves in April
Latest reading: The seasonally adjusted consumer confidence index published by the Getúlio Vargas Foundation (Fundação Getúlio Vargas) rose for a second month running in April, coming in at 89.1, up from March’s 88.1. As such, the latest reading moved closer to, but remained below, the 100-point threshold that separates optimistic from pessimistic sentiment. April’s reading, which was the joint-highest since December 2024, was supported by lower inflation and a robust labor market.
In April, households grew less pessimistic about the economy in the coming months (+92.3 vs +92.1 in March), and about their current situation (+85.3 vs + 83.2 in March).
Outlook: April’s consumer sentiment was above the average registered in January–March, boding well for household spending at the outset of the second quarter. That said, the reading remained in pessimistic territory.