Brazil Consumer Confidence


Consumer confidence declines for third straight month in July

The consumer confidence index published by the Getulio Vargas Foundation (FGV, Fundacao Getulio Vargas) decreased a seasonally adjusted 1.5% over the previous month to reach 121.6 points in July, which was below the 123.5 points registered in June. The lower reading reflected a less optimistic assessment of both the current economic situation as well as future expectations. The FGV confidence index has a range spanning from 1 to 200 points, where 100 points is considered neutral. At the current level, the consumer confidence still sits comfortably above the 100-point threshold, which suggests sustained growth in private consumption going forward.


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Brazil Consumer Confidence Chart

Brazil Consumer Confidence July 2012

Note: Index of consumer sentiment (seasonally adjusted). The 100-point threshold represents the point above which consumers expect economic conditions to improve.
Source: Getulio Vargas Foundation.

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