Brazil: Consumer confidence reaches six-month high in September but remains pessimistic
September 25, 2019
The seasonally-adjusted consumer confidence index published by the Getulio Vargas Foundation (FGV) increased to 89.7 points in September, above August’s 89.2 points and marking the best performance since March this year. Nevertheless, with the index spanning a range from 1 to 200 points and the neutral mark at 100 points, the figure still underlines pessimistic conditions overall.
The improvement was driven by consumers’ less pessimistic assessment of the future economic situation.
Author: Hanna Andersson, Economist