Brazil: Consumer confidence falls to six-month low in August
August 25, 2017
The consumer confidence index published by the Getulio Vargas Foundation (FGV, Fundaçao Getúlio Vargas) decreased a seasonally-adjusted 1.3% from the previous month in August. The index fell from July’s 82.0 to 80.9. The deterioration was driven by consumers’ more pessimistic views regarding 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. The index currently lies deep in pessimistic territory.