Rio de Janeiro – Consumer Confidence Index (ICC, acronym in Portuguese), measured by Fundação Getulio Vargas (FGV), dropped by 1.5 point from March to April. With this result, the indicator reached 89.5 points, in a scale from 0 to 200, the lowest level since last October (85.4 points). This is its third monthly drop in a row.
This drop in April was driven by the estimates over next months, measured by the Expectation Index, which dropped by 2.7 points to 98.7 points, its third consecutive drop. The confidence in the present, however, measured by the Present Situation Index (ISA, acronym in Portuguese), rose 0.5 point to 77.1 points. The satisfaction level with family finances rose by 2.3 points.
According to FGV surveyor Viviane Seda Bittencour, the consumer confidence drop is related to a disappointment with the slow economic upturn and uncertainty levels still high.
Translated by Guilherme Miranda
