Brazil: Consumer confidence hits seven-month high but remains in pessimistic territory in September
September 25, 2020
The seasonally-adjusted consumer confidence index published by the Getulio Vargas Foundation (FGV) came in at 83.4 in September, up from August's 80.2 and marking the best result since February. Consequently, the index moved closer to, but still remained below, the 100-point threshold, indicating pessimism among consumers.
The rise came on the back of an improvement in consumers’ assessments of the current economic situation. In addition, households’ views of the future economic situation also improved.
Author: Hanna Andersson, Economist