FX.co ★ Brazil Consumer Confidence Hits 9-Month High

Brazil’s FGV-IBRE Consumer Confidence Index, adjusted for seasonal variations, increased to 87.5 in September 2025, up from 86.2 in August, marking its highest level since December 2024. This improvement was largely driven by future expectations, with the Expectations Index rising by 3.7 points to reach 91.8. This was mainly due to enhanced outlooks on future local economic conditions, which rose by 6.9 points to 104.6, and families’ financial predictions, which improved by 4.1 points to 83.9. Plans for purchasing durable goods remained unchanged at 88.2. Conversely, the Current Situation Index decreased by 2.5 points, settling at 82.0, as both present economic circumstances and family financial situations declined. Confidence surged among higher-income groups but diminished within the lower and middle-income demographics. According to Anna Carolina Gouveia of IBRE, optimism was bolstered by a robust labor market and declining inflation, although significant household debt and payment delinquencies continue to pose major challenges.