Brazil: Consumer confidence rises to three-month high in January
January 3, 2017
The consumer confidence index published by the Getulio Vargas Foundation (FGV, Fundaçao Getúlio Vargas) increased a seasonally-adjusted 8.5% from the previous month in January, after falling sharply in December. The index rose from December’s 73.1 to 79.3—a three-month high. The improvement was driven by consumers’ less pessimistic views regarding the current and future economic situations compared to the previous month.
The FGV confidence index spans a range from 1 to 200 points, where 100 points is considered neutral. The index currently lies deep in pessimistic territory.