Brazil: Consumer confidence records worst reading in ten months in March
March 23, 2021
The seasonally-adjusted consumer confidence index published by the Getulio Vargas Foundation fell to 68.2 in March from February's 78.0, marking the worst reading since May 2020. As a result, the index remained entrenched below the 100-point threshold, separating pessimism from optimism among consumers.
March’s downturn chiefly came on the back of a deterioration in consumers’ assessments of the future economic situation.
Author: Hanna Andersson, Economist