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August 25, 2022
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Consumer confidence rises 4.1 points in August, says FGV

FGV: Economic Climate Index rises 2.1 points in the second quarter

The Consumer Confidence Index (ICC), calculated by the Getulio Vargas Foundation (FGV), grew 4.1 points from July to August this year. With this, which was the third consecutive increase, the indicator reached 83.6 points, on a scale from zero to 200 points.Consumer confidence rises 4.1 points in August, says FGV

The increase was driven by the better perception of consumers in relation to the future. The Expectations Index advanced 6 points and reached 92.6 points. The Present Situation Index (ISA), which measures confidence in the present, rose 1.4 points and reached 71.7 points.

Among the items that make up the ICC, the best performance was observed by the impetus for the purchase of durable goods, which rose 11.3 points.

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