Brazilian consumers are more confident about the country’s future
Brazilian consumers have never been more confident about the country’s economy in 2023 than they were in May. Several factors such as the new revision of the minimum wage and the slowdown in inflation boosted people’s optimism this month. According to the Brazilian Institute of Economics of the Getulio Vargas Foundation (FGV IBRE), the consumer confidence index (ICC) increased by 1.4 points in May, registering a slight decrease in the previous month. As a result, the indicator reached 88.2 points, the highest level since October 2022 (88.6 points), that is,…
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