Brazil: Consumer confidence falls to six-month low in December
December 27, 2016
The consumer confidence index published by the Getulio Vargas Foundation (FGV, Fundaçao Getúlio Vargas) decreased a seasonally-adjusted 7.3% from the previous month in December, after falling 4.0% in November. The index declined from November’s 79.1 to 73.3—a six-month low. The deterioration was driven by consumers’ more pessimistic views regarding the current and future economic situations 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.