SAO PAULO Dec 23 Consumer confidence in Brazil
dropped in December for a second month and hit its lowest since
June, a private survey showed on Friday, as hopes of a quicker
exit from recession under President Michel Temer were
The Getulio Vargas Foundation (FGV) index of consumer
confidence fell to 73.3 in December from 79.1 in
"The year ends with consumers dissatisfied with their
current situation and pessimistic about the next months. Their
view about the labor market is the bleakest in 11 years," FGV
economist Viviane Bittencourt said in a statement.
Brazil's economy plunged deeper into recession in the third
quarter, confounding analysts who expected a gradual recovery to
start following the impeachment of former president Dilma
Rousseff. Her successor, facing growing calls to resign, has
launched two rounds of stimulus measures in recent weeks.
(Reporting by Silvio Cascione; Editing by Robin Pomeroy)