Consumer confidence rises 2.5 points in March

The Consumer Confidence Index (ICC), calculated by the Getulio Vargas Foundation (FGV), grew 2.5 points from February to March this year. With the high, which came after two consecutive falls, the indicator reached 87 points, on a scale of 0 to 200. The high was pulled by the improvement of consumer evaluations in relation to both the present and the future. The Current Situation Index, which measures confidence in the present, rose 2.7 points to 72 points, the best result since October last year. The Expectations Index, which evaluates consumers’ confidence in the future, advanced 2.2 points and reached 98 points. Among the four income ranges evaluated by the study, the greatest confidence was observed in families with family income below R$ 2,100.00 (4%). The other income ranges are: from R$ 2,100.00 to R$ 4,800.00, from R$ 4,800.01 to R$ 9,600.00 and above R$ 9,600.00.

Agência Brasil