Brazil Consumer Confidence Hits All-time Low in August

Dow Jones Business News, 8/25/2015

Consumer confidence in Brazil declined in August, to the lowest level ever, as the country’s sluggish economy shows no signs of recovery.

Brazil’s main consumer-confidence index was at 80.6 points, down from 82 points in July, the Getulio Vargas Foundation, or FGV, said Tuesday. The index has a 1-to-200-point range, with 100 considered an indicator of neutral sentiment.

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