Brazil: Consumer confidence falls in December
December 22, 2010
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.