Brazilian consumer sentiment declined in December, marking the first fall in ninth months. The index of consumer confidence, published by the Getulio Vargas Foundation (FGV, Fundacao Getulio Vargas), decreased a seasonally adjusted 2.1% over the previous month to reach 122.5 points in December. At the current level, the index is 9.0% higher than in the same month last year. The FGV index has a range of 1 to 200 points, where 100 points is neutral. The negative reading reflected a deterioration in consumers' assessment of the economic situation during the next six months, which decreased 3.4% in December to 109.5 points. In addition, sentiment regarding the current economic situation fell 0.4% over the previous month, to 146.8 points.
Brazil Consumer Confidence
Consumer confidence falls in December
December 22, 2010
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