Reuters, 07/25/2012
(Reuters) – Consumer confidence in Brazil fell for the third consecutive month in July, as Brazilians grew increasingly dissatisfied with current economic conditions and less optimistic about the near future.
Brazil’s consumer confidence index fell to 121.6 in July from 123.5 in the prior month after seasonal adjustments, private research institute Fundação Getúlio Vargas said on Wednesday. The index’s three-month moving average edged down from the previous report.
The survey’s barometer of current economic conditions fell to 135.4 from 139.1 in June, and the gauge of consumer expectations for the next six months slipped to a four-month low of 112.7 from 117.1, FGV said in a report.
[...] of the more negative aspects included falling job creation rates, decreasing federal tax revenues, dwindling consumer confidence, and a social security program plummeting deeper into the red. However, these less-than-positive [...]