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RIO DE JANEIRO, BRAZIL - The Consumer Confidence Index, measured by the Getúlio Vargas Foundation (FGV), retreated 0.4 points from June to July this year, reaching 88.1 points on a scale from zero to 200 points. According to FGV, the indicator remains at a historically low level.

The drop was caused by the poorer assessment of consumers about the future. The Expectations Index retreated two points to 97.7 points and remained below 100 points for the fourth month running. Optimism regarding the evolution of the Subscribe to our Premium Membership Plan. Already Subscribed?