Brazil's consumer confidence improved more than economists expected in February, after weakening in the previous month, data from a survey by the Getulio Vargas Foundation (FGV) showed Friday.
The consumer confidence index rose 2.9 percent to 119.4 points in February from 116 points in January. In December, the reading was 119.6 points. Economists expected the index to rise to 116.9 points in February.
Data showed improvement in both the current situation and the expectations components in February, with the former rising 2.3 percent sequentially to 140.5 points and the latter increasing 3.2 percent to 108.3 points during the month.
The measure of consumers' perceptions of their personal finances increased 3.5 percent during the month, after falling for two months in a row, the agency said.
by RTT Staff Writer
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