Consumer confidence in Brazil fell for the fourth consecutive month in August, as Brazilians grew increasingly dissatisfied with current economic conditions, a closely watched survey of consumer sentiment showed on Friday.
Brazil’s consumer confidence index fell to 120.4 in July from 121.6 in the prior month after seasonal adjustments, private research institute Fundação Getúlio Vargas said. Friday. This is the lowest figure since February.
The survey’s barometer of current economic conditions fell to 133.5 from 135.4 in June, offseting a slight improvement in consumer expectations for the next six months to 113.0 from 112.7, FGV said in a report.