Brazil: Consumer confidence hits seven-month low in January
The seasonally-adjusted consumer confidence index published by the Getulio Vargas Foundation fell to 75.8 in January from December’s 78.5 and marked the worst reading since June last year. As a result, the index remained entrenched below the 100-point threshold, separating pessimism from optimism among consumers.
The fall largely came on the back of a deterioration in consumers’ views of the future economic situation. Moreover, households’ assessment of the current economic situation also soured from the previous month.