Brazil Consumer Confidence Wanes in December 📉
The seasonally adjusted FGV-IBRE Consumer Confidence Index for Brazil declined to 92 in December 2024, the lowest in six months, driven by worsening expectations and perceptions about the current situation, particularly among the lowest-income group, likely due to rising interest rates and inflationary pressures.
The decline in the Brazilian consumer confidence index, particularly among the lowest-income group, suggests a potential slowdown in consumer spending and economic activity in Brazil. This could have a moderate negative impact on the portfolio, as it includes exposure to the Brazilian and broader emerging markets through the MSCI World and Emerging Markets positions.
Brazil Consumer Confidence Falls Sharply 📉
The seasonally adjusted FGV-IBRE Consumer Confidence Index for Brazil declined to 92 in December 2024, the lowest in six months, driven by worsening expectations and perceptions about the current situation, particularly among the lowest-income group, likely due to rising interest rates and inflationary pressures.
The decline in the Brazilian consumer confidence index, particularly among the lowest-income group, suggests a potential slowdown in consumer spending and economic activity in Brazil. This could have a moderate negative impact on the portfolio, as it includes exposure to the Brazilian and broader emerging markets through the MSCI World and Emerging Markets positions.