Brazil Consumer Confidence


Consumer confidence falls to one-year low in January

The consumer confidence index published by the Getulio Vargas Foundation (FGV, Fundacao Getulio Vargas) decreased a seasonally adjusted 0.7% over the previous month in January. As a result, the index fell to 117.9 points, which was below the 118.7 points registered in December and represented the lowest level seen in a year. The lower reading reflects a deterioration in both future expectations as well as in the assessment of the current economic situation.

The FGV confidence index has a range spanning from 1 to 200 points, where 100 points is considered neutral. At the current level, 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 January 2013

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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