Brazil: Consumer sentiment improves in October, remains pessimistic
The seasonally-adjusted consumer confidence index published by the Getulio Vargas Foundation rose to 76.3 in October, following September’s 75.3 reading. As a result, the index remained below the 100-point threshold, indicating pessimism among consumers.
October’s increase came on the back of consumers’ slightly less pessimistic assessment of current conditions, while their views on the future economic situation also turned less bleak.