Brazil: Consumer confidence falls to six-month low in December
December 22, 2020
The seasonally-adjusted consumer confidence index published by the Getulio Vargas Foundation came in at 78.5 in December, down from November's 81.7 and marking the worst reading since June. As a result, the index remained entrenched below the 100-point threshold, and indicated pessimism among consumers.
The headline print reflected a deterioration in consumers’ views of the current economic situation as well as more pessimism over future economic situation.
Author: Hanna Andersson, Economist