India, Aug. 25 -- Confidence among Brazilian consumers weakened further to the lowest level in nearly four years, a survey by the Getulio Vargas Foundation showed on Tuesday.
The seasonally adjusted FGV IBRE consumer confidence index dropped to 84.7 in August from 88.3 in July. Any score below 100 indicates a pessimistic outlook.
The fourth successive decline in confidence was attributed to both the current and expectations indices. The sub-index for expectations fell by 5.4 points to 86.1 in August, and the current conditions index dropped by 0.6 percent to 83.8.
For comments and feedback contact: editorial@rttnews.com
Published by HT Digital Content Services with permission from RTT News....