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Brazil Consumer Confidence June 2022

Brazil: Consumer confidence improves but remains in negative territory in June

The seasonally-adjusted consumer confidence index published by the Getulio Vargas Foundation (Fundação Getúlio Vargas) came in at 79.0 in June, up from May’s 75.5. June’s result marked the best reading since August 2021. Despite the uptick, the index remained below the 100-point threshold, indicating stark pessimism among consumers.

The rise came on the back of an improvement in consumers’ views of the future economic situation.

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