Brazil Consumer Confidence


Consumer confidence falls in May

The consumer confidence index published by the Getulio Vargas Foundation (FGV, Fundacao Getulio Vargas) decreased a seasonally adjusted 1.2% over the previous month to reach 127.1 points in May, which was below the 128.7 points registered in April. 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 index 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 June 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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