Brazil: Consumer and business sentiment rise in March but remain pessimistic
The seasonally adjusted consumer confidence index published by the Getulio Vargas Foundation (Fundação Getúlio Vargas) rose to 87.0 in March from February’s 84.5. As such, the index moved closer to, but remained well below, the 100-point threshold, indicating still stark pessimism among Brazilian consumers.
The seasonally adjusted industrial business confidence index rose to 94.4 in March from February’s 92.0. As such, the index moved closer to, but remained below, the 100-point threshold, signaling pessimism among industrial firms.