Brazil: Consumer confidence improves but remains pessimistic in December
The seasonally adjusted consumer confidence index published by the Getulio Vargas Foundation (Fundação Getúlio Vargas) rose to 88.0 in December from November’s 85.3. As such, the index moved closer to, but remained below, the 100-point threshold, indicating pessimism among consumers.
The uptick came on the back of an improvement in consumers views of the future economic situation, which became optimistic in December for the first time since September. Meanwhile, consumers views regarding the current economic situation improved marginally in December, but remained deeply pessimistic.