RIO DE JANEIRO, BRAZIL - The Consumer Confidence Index (ICC), measured by the Getulio Vargas Foundation (FGV), dropped 1.4 points from October to November this year. With the result, the indicator reached 74.9 points, on a scale of zero to 200 points, the lowest value since April this year (72.5 points).
Confidence was affected by the worsening of the Present Situation Index, which evaluates the present, as well as the Expectations Index, which assesses the future.
The Present Situation Index fell 2.1 points to 66.9 points. The Expectations Index dropped 1 point to 81.4 points . . .