Brazil: Consumer confidence rises in December
December 23, 2014
In December, the consumer confidence index published by the Getulio Vargas Foundation (FGV, Fundaçao Getulio Vargas) increased a seasonally-adjusted 0.9% over the previous month, which contrasted the 6.1% fall recorded in November. The index rose from the 95.3 points tallied in November to 96.2 points in December. The figure was the result of an improvement in both consumers’ future outlook on the economy and their current economic situation indexes compared to the previous month.
The FGV confidence index spans a range from 1 to 200 points, where 100 points is considered neutral. Despite this month’s gain, consumer confidence lies in pessimistic territory and has followed a broadly-based downward trend from mid-2012 until the present.