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Brazil Consumer Confidence February 2023

Brazil: Consumer sentiment falls deeper into pessimistic territory in February

The seasonally adjusted consumer confidence index published by the Getulio Vargas Foundation (Fundação Getúlio Vargas) fell to 84.5 in February, down from January’s 85.8. As such, the index moved further below the 100-point threshold, indicating starker pessimism among Brazilian consumers.

The downtick came on the back of a deterioration in consumers’ views of both the current and the future economic situation; they both became more pessimistic in February.

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