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Consumer Confidence in Brazil Falls to Historic Levels

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The latest consumer confidence survey in Brazil by the Instituto Brasileiro de Economia – IBRE (Brazilian Institute of Economy) at the Fundação Getulio Vargas Institute shows that the Consumer Confidence Index (CCI) retreated by 2.9 percent from February to March, going from 85.4 to 82.9 points, and reaching the lowest historic level for the third consecutive month.

According to the survey the number of consumers who say that the country’s economic situation is good fell from 5.8 percent in February to 4.5 percent in . . .

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