Brazilian consumer confidence retreats in April compared to the previous month, reports FGV

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Consumer confidence in Brazil fell 3.1 points in April from March, in seasonally adjusted terms, reports the Getulio Vargas Foundation (FGV).

For the month of April, the Consumer Confidence Index (ICC) stood at 82.2 points – a disappointment after the index rose 12.2 points in the previous three months.

In April, assessment of both the current situation and expectation regarding the coming months deteriorated. The Current Situation Index fell 0.7 points to 70.8 points, and the Expectations Index fell 4.6 points to 91.1 points.

The FGV’s Consumer Confidence Index collects information from more than 2,000 households in seven capitals, with interviews conducted between April 1 and 22.

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