Brazil’s consumer confidence rises in February for first time in five months

The rise was most pronounced among consumers in the lowest income bracket, although the overall level of confidence was still below that registered at the end of last year, the Getulio Vargas Foundation’s (FGV) findings showed.

RIO DE JANEIRO, BRAZIL - Consumer confidence in Brazil rose in February for the first time in five months, a survey indicated on Wednesday, February 24th, lifted by the start of a nationwide vaccination program against COVID-19 and prospects of the government resuming emergency income transfers to the poor.

The rise was most pronounced among consumers in the lowest income bracket, although the overall level of confidence was still below that registered at the end . . .

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