Brazil: Consumer confidence falls in May
May 27, 2015
In May, the consumer confidence index published by the Getulio Vargas Foundation (FGV, Fundaçao Getulio Vargas) fell a seasonally-adjusted 0.6% over the previous month, which contrasted the 3.3% rise recorded in April. As a result, the index fell from the 85.6 points tallied in April to 85.1 points in March. The deterioration was broad-based. In May, consumers were more pessimistic about the current economic situation and the 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. 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.