Brazil: Consumer confidence in April rises from March's record low
April 27, 2015
In April, the consumer confidence index published by the Getulio Vargas Foundation (FGV, Fundaçao Getulio Vargas) rose a seasonally-adjusted 3.3% over the previous month, which contrasted the 2.9% decrease recorded in March. The index rose from the record low level of 82.9 points tallied in March to 85.6 points in April. The improvement was broad-based. In April, consumers were more optimistic about the current economic situation and the future economic situation compared to the previous month.
The FGV confidence index spans a range from 1 to 200 points, where 100 points is considered neutral. As a result of the monthly gain, consumer confidence slightly closer to optimistic territory. The index has followed a broadly-based downward trend from mid-2012 until the present.