Brazil: Consumer confidence slips in November
November 28, 2019
The seasonally-adjusted consumer confidence index published by the Getulio Vargas Foundation (FGV) fell to 88.9 points in November from October’s 89.4 points, the worst reading seen since July. As a result, the index lies further below the 100-point threshold and reveals pessimism among consumers.
November’s fall was driven by consumers’ more pessimistic assessment of the future economic situation.