Consumer confidence rises 2.5 points in March

O Consumer Confidence Index (ICC), measured by the Getulio Vargas Foundation (FGV), grew 2.5 points in the passage of February for March of this year. With the rise, which came after two consecutive declines, the indicator reached 87 points, on a scale of 0 to 200.

The rise was driven by improvement consumers’ assessments of both the present and the future. The Current Situation Index, which measures confidence in the present, rose 2.7 points to 72 points, the best result since October last year.

The Expectations Index, which measures consumers’ confidence in the future, advanced 2.2 points and reached 98 points.

Among the four income ranges evaluated by the study, the greatest confidence was observed in families with family income below R$ 2,100.00 (4%). The other income ranges are: from R$ 2,100.00 to R$ 4,800.00, from R$ 4,800.01 to R$ 9,600.00 and above R$ 9,600.00.