World Economy

Brazil Confidence Low

Brazil Confidence Low  Brazil Confidence Low

Consumer confidence in Brazil increased in January compared to the previous month, but not to a level that indicates economic recovery, according to the country’s main index, Nasdaq reported. Brazil’s main consumer-confidence index was at 67.9 points, up from 65.4 points in December, when it reached the lowest point since the data began to be compiled in 2005, the Getulio Vargas Foundation said Wednesday. “With confidence levels still very unfavorable regarding the current economic scenario and persistent pessimistic expectations for the coming months, it is early to talk about a consistent trend reversal,” says Viviane Bittencourt, the Consumer Survey Coordinator for FGV.