Brazil: Consumer confidence hits six-month high in November
November 28, 2017
The consumer confidence index published by the Getulio Vargas Foundation (FGV, Fundaçao Getúlio Vargas) increased a seasonally-adjusted 3.7% from the previous month in November. The index rose from October’s 83.7 to 86.8. The improvement was driven by consumers’ less pessimistic views regarding both 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. Despite recent gains, the index still lies deep in pessimistic territory.