In Brazil, consumer confidence rises by 2.5 points in March
The consumer confidence index (ICC), as measured by the Getulio Vargas Foundation (FGV), rose by 2.5 points from February to March this year. After two consecutive drops, the indicator reached 87 points on a scale of 0 to 200.
The growth was driven by improved consumer assessments of both the present and the future. The present situation index, which measures confidence in the present, rose by 2.7 points to 72 points, the best result since last October.
The Expectations Index, which measures consumer confidence in the future, rose by 2.2 points to 98 points, as reported by Rede TV!, a partner of TV BRICS.
Among the four income categories assessed in the study, the highest confidence was observed in families with family incomes below R$2,100 (US$401.6). Other income groups: R$2,100 to R$4,800 ($918) between R$4,800 and R$9,600 ($1,846) and above R$9,600.
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