RIO DE JANEIRO, BRAZIL - Consumer confidence in Brazil shrank in August for the first time since March this year, as unemployment, inflation, and fears about the spread of the Delta variant of the coronavirus raised doubts among various income groups, data from the Getulio Vargas Foundation showed Wednesday.
The FGV's Consumer Confidence Index (ICC) dropped 0.4 points in August to 81.8 points, a level considered low in historical terms. This was the first drop since March when the indicator read 68.2.
In August, the Current Situation Index (ISA) dropped 1.1 points to 69.8 points . . .
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