Brazil: Consumer confidence falls in November
November 25, 2020
The seasonally-adjusted consumer confidence index published by the Getulio Vargas Foundation fell to 81.7 in November from October's 82.4. As a result, the index remained entrenched below the 100-point threshold, indicating pessimism among consumers.
November’s fall largely came on the back of a deterioration in consumers’ assessments of the current economic situation. In addition, households’ views of the future economic situation also turned more pessimistic.
Author: Hanna Andersson, Economist