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Brazilian Consumer Sentiment Improves To 8-Month High

Brazil's consumer confidence improved to the highest level in eight months in March, data released by the Getulio Vargas Foundation (FGV) showed Monday.

The consumer confidence index increased to 122.7 in March from 119.4 in February. The latest figure was the highest since July 2011, when the reading was 124.4.

There was improvement in both assessments of the current economic situation and expectations for the coming months. The relevant indicator for the current situation rose to 142.7 in March from 140.5 in February, while the expectations index moved up to 112.2 from 108.3.

At the same time, the measure of consumers' views of their own personal finances increased 4.5 percent from the previous month in March, marking the second consecutive growth.

by RTTNews Staff Writer

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