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Consumer Confidence in Brazil drops 3.3 points in November

The Consumer Confidence Index (ICC), measured by FGV IBRE, fell 3.3 points in November, reaching 85.3 points, the lowest level since August when 83.6 points were recorded.

This is the second consecutive month of decline.

Even with the reduction, the index continues to advance 0.5 points in quarterly moving averages, reaching 87.6 points, influenced by the rise in the last four months.

"Once the effect of the income transfers is over, low-income consumers are once again feeling less satisfied with their family financial situation and revising their expectations downwards in the coming months," points . . .

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