Brazil's consumer confidence hits highest level in 5 years

17:05, July 23, 2010      

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The Brazilian Consumer Confidence Index (ICC) reached 120 points in July, the highest registered since September 2005, the Getulio Vargas Foundation (FGV) said on Thursday.

The ICC is formed by the Present Situation Index (ISA), which measures consumers' satisfaction with the current economic state, and the Expectations Index (IE).

According to the FGV, the ISA rose to a record high of 134.8 points in July from 131 points in June.

Brazilian consumers who considered the country's current economic scenario positive reached 25.3 percent, from 23.8 percent in June, and those who expected the economic situation to improve in the next six months grew from 28.8 percent in June to 28.6 percent

The survey was carried out with 2,000 consumers from Brazil's seven main state capitals, from June 30 to July 19.

Source:Xinhua

(Editor:黄蓓蓓)

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