Brazil: Consumer confidence falls in April
April 26, 2017
The consumer confidence index published by the Getulio Vargas Foundation (FGV, Fundaçao Getúlio Vargas) decreased a seasonally-adjusted 3.6% from the previous month in April, erasing some of the previous month’s gains. The index fell from March’s 85.3—the best result since December 2014—to 82.2. The moderation was driven by consumers’ more pessimistic views regarding the current and future economic situations compared to the previous month.
The FGV confidence index spans a range from 1 to 200 points, where 100 points is considered neutral. The index currently lies deep in pessimistic territory.