Brazil’s consumer confidence reaches highest level in 9 months

Despite the optimism, consumers are experiencing difficulties in financial recovery, especially families with lower purchasing power

RIO DE JANEIRO, BRAZIL - Consumer confidence in Brazil reached its highest level in nine months in July due to improved perception of expectations for the coming months.

The Getulio Vargas Foundation (FGV) data released Monday showed that the Consumer Confidence Index (ICC) rose 1.3 points in July, reaching its fourth consecutive high, 82.2 points. This is the highest level since October 2020 (82.4 points).

This month, the current situation index (ISA) lost 0.7 points and went to 70.9 points, indicating a lessening of satisfaction with the current situation, according to FGV.

The expectations index (IE . . .

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