Brazil's consumer confidence improved for the second consecutive month in July, partly driven by increased activity linked to the soccer world cup, results of a survey by the think tank FGV showed Friday.
The consumer confidence index rose to 106.9 from 103.8 in June. Though the score is below its long-term average, the latest increase led the quarterly moving averages of the indicator to climb for the first time since October last year, the FGV said.
The current situation index of the survey climbed sharply to 113.0 from 109.6. That was the strongest print in four months.
The expectations measure rose to a three-month high of 101.2 from 100.7.
The survey was conducted among 2,000 households in seven major Brazilian cities between July 01 and 22.
by RTT Staff Writer
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