Brazil: Consumer confidence rises to nine-month high but remains pessimistic in July
The seasonally-adjusted consumer confidence index published by the Getulio Vargas Foundation came in at 82.2 in July, up from June’s 80.9. July’s result marked the strongest sentiment since October 2020. As a result, the index moved closer to the 100-point threshold; however, it still indicated pessimism among consumers.
July’s rise came on the back of an improvement in consumers’ assessments of the future economic situation. Meanwhile, their perception of the current economic situation worsened somewhat from the previous month.