Brazil: Consumer confidence falls in August
The consumer confidence index published by the Getulio Vargas Foundation (FGV, Fundaçao Getúlio Vargas) fell a seasonally-adjusted 0.5% from the previous month in August, decreasing to 83.8 from July’s 84.2. The fall was driven by consumers’ more pessimistic assessments of the current economic situation.
The FGV confidence index spans a range from 1 to 200 points, where 100 points is considered neutral. Despite improvements over the past two years the index remains entrenched in negative territory.