Brazil: Consumer confidence falls in May
May 25, 2012
The consumer confidence index published by the Getulio Vargas Foundation (FGV, Fundacao Getulio Vargas) decreased a seasonally adjusted 1.2% over the previous month to reach 127.1 points in May, which was below the 128.7 points registered in April. The lower reading reflected a less optimistic assessment of both the current economic situation as well as future expectations. The FGV confidence index has a range spanning from 1 to 200 points, where 100 points is considered neutral. At the current level, the consumer confidence index still sits comfortably above the 100-point threshold, which suggests sustained growth in private consumption going forward.
Author: Armando Ciccarelli, Head of Data Solutions