Brazilian consumer confidence fell 0.4 points in July, according to FGV Ibre.

THE Consumer Confidence Index (CCI), calculated by Brazilian Institute of Economics of the Getulio Vargas Foundation (FGV Ibre) The Brazilian Consumer Confidence Index (CFI) fell 0.4 points from June to July, to 88.3 points, the lowest level since March 2026 (88.1 points). In the three-month moving average, the index dropped 0.3 points to 88.6 points. “Consumer confidence declined in July, influenced by a worsening perception of the present situation, mainly regarding families' financial budgets. Among income brackets, lower-income consumers had a greater share in the fall of the aggregate indicator. Until last month, the gradual worsening of confidence was driven by the deterioration of future expectations, while the perception of the present continued to improve,” says Anna Carolina Gouveia, economist at FGV IBRE. “Although it may still reflect a calibration of previous results, the shift observed this month may signal that pessimism about the future is beginning to influence consumers' current assessment, especially of their financial situation. High household debt and default rates, coupled with a context of strongly restrictive interest rates, remain the main point of pressure on consumer budgets, influencing their perception of the economy,” he adds.

This text was translated by machine from Brazilian Portuguese.