Brazil consumer confidence hits new record low in March

miércoles 25 de marzo de 2015 07:14 GYT

BRASILIA, March 25 (Reuters) - Brazilian consumer confidence
fell for a third straight month to a new record low in March as
rising unemployment, higher interest rates and accelerating
prices ate into families' budgets, a private survey showed on
    The Getulio Vargas Foundation (FGV) said its confidence
index fell to 82.9 in March from 85.4 in February,
which had been its lowest since the data series began in
September 2005.
    "Besides economic issues such as inflation and labor, the
Brazilian consumer is also worried about the current political
turmoil and risks to water and energy supply," said FGV
economist Aloisio Campelo in a release.
  (level)                  Latest mth  Previous mth   Year ago
 Confidence index          82.9        85.4           107.2
 Current situation index   77.7        82.3           113.8
 Expectations index        85.8        87.0           104.0

 (Reporting by Silvio Cascione; Editing by Chizu Nomiyama)