Consumer Confidence in Brazil rises in October after 2 months of decline, FGV shows

In October, the ICC was influenced by improved expectations. The Present Situation Index (ISA) advanced 0.2 points to 69 points, while the Expectations Index (IE) rose 1.3 points to 82.4 points.

RIO DE JANEIRO, BRAZIL - The Consumer Confidence Index (ICC), calculated by the Brazilian Institute of Economics of the Getulio Vargas Foundation (FGV/Ibre), rose 1 point in October to 76.3 points, after two months of decline.

In quarterly moving averages, the index remained negative, dropping 2 points to 77.8.

In October, the ICC was influenced by improved expectations. The Present Situation Index (ISA) advanced 0.2 points to 69 points, while the Expectations Index (IE) rose 1.3 points to 82.4 points.

There was an accommodation of the consumers' evaluation of the current situation. The indicator that . . .

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