Brazil: Consumer confidence falls in June
May 31, 2017
The consumer confidence index published by the Getulio Vargas Foundation (FGV, Fundaçao Getúlio Vargas) decreased a seasonally-adjusted 2.3% from the previous month in June. The index fell from May’s 84.2 to 82.3. The deterioration was driven by consumers’ more pessimistic views regarding the current and future 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. The index currently lies deep in pessimistic territory.