Brazil consumer confidence drops to lowest on record in January

lunes 26 de enero de 2015 06:44 GYT

SAO PAULO, Jan 26 (Reuters) - Consumer confidence in Brazil
plunged in January to the lowest level since the data series
began in September 2005, according to a private survey released
on Monday.
    The Getulio Vargas Foundation (FGV) said its confidence
index fell to 89.8 in January from 96.2 in December.
    The index, the main gauge of consumer confidence in Latin
America's largest economy, has traced a nearly steady decline
since April 2012 on mounting concerns about high inflation and
sluggish economic growth.
    The results "reflect increased worry about the job market
and inflation," FGV economist Tabi Santos said.
  (level)                  Latest mth  Previous mth   Year ago
 Confidence index          89.8        96.2           108.9
 Current situation index   88.5        96.8           115.6
 Expectations index        90.8        96.8           105.6

 (Reporting by Asher Levine)