Brazil: Consumer sentiment becomes more pessimistic in November
November 24, 2022
The seasonally-adjusted consumer confidence index published by the Getulio Vargas Foundation (Fundação Getúlio Vargas) fell to 85.3 in November from October's 88.6. As such, the index moved further below the 100-point threshold, indicating starker pessimism among consumers.
The downturn came on the back of a deterioration in consumers’ views of both the current and future economic situation, which became more pessimistic in November.
Author: FocusEconomics