Brazil FGV Consumer Confidence Drops In February

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Brazil's seasonally adjusted consumer confidence index stood at 110.2 in February, down from 112.7 in January, a report from Getulio Vargas Foundation or FGV showed on Wednesday.

The current situation index dropped to 123.6 in February from 124.6 in January, while the expectation index fell to 103 from 106.2. The family's financial situation improved in February, but the expectations for the next six months became less optimistic, the FGV said.

On an unadjusted basis, the consumer confidence stood at 111 in February, down from 116.4 in January.

Brazil's seasonally adjusted consumer confidence index stood at 110.2 in February, down from 112.7 in January, a report from Getulio Vargas Foundation or FGV showed on Wednesday. (Market News Provided by RTTNews)