Brazil: Consumer confidence rebounds in September
September 24, 2012
The consumer confidence index published by the Getulio Vargas Foundation (FGV, Fundacao Getulio Vargas) increased a seasonally adjusted 1.4% over the previous month to reach 122.1 points in September, which was above the 120.4 points registered in August. The higher reading reflects a more optimistic assessment of the current economic situation as well as a further improvement in future expectations. The FGV confidence index has a range spanning from 1 to 200 points, where 100 points is considered neutral. At the current level, the consumer confidence still sits comfortably above the 100-point threshold, which suggests sustained growth in private consumption going forward.