Brazil consumer confidence posts third biggest fall as COVID-19 spreads

The Getulio Vargas Foundation’s (FGV) consumer confidence index fell 9.8 points to a 10-month low of 68.2 points in March, The current situation index fell 5.5 points and the expectations index tumbled 12.3 points, FGV said.

RIO DE JANEIRO, BRAZIL - Consumer confidence in Brazil registered its third largest monthly fall on record, a survey indicated on Tuesday, March 23rd, hammered by a deadly second wave of the COVID-19 pandemic and near collapse of the public health system in several cities.

The Getulio Vargas Foundation’s (FGV) consumer confidence index fell 9.8 points to a 10-month low of 68.2 points in March, The current situation index fell 5.5 points and the expectations index tumbled 12.3 points, FGV said.

There have been only two steeper monthly declines since the data series began . . .

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