Brazil: Consumer confidence falls in June
June 29, 2015
In June, the consumer confidence index published by the Getulio Vargas Foundation (FGV, Fundaçao Getulio Vargas) fell a seasonally-adjusted 1.4% over the previous month, which followed the 0.6% decrease recorded in May. As a result, the index fell from the 85.1 points tallied in May to 83.9 points in June. The decline was driven by more pessimistic views regarding the current economic situation compared to the previous month.
The FGV confidence index spans a range from 1 to 200 points, where 100 points is considered neutral. As a result of the monthly loss, consumer confidence fell slightly deeper into pessimistic territory. The index has followed a broadly-based downward trend from mid-2012 until the present.