Brazil's Consumer Confidence Index (ICC) rose 4.1% in June, increasing from 102.2 points, in May, to 106.4 points. According to a study disclosed by Getúlio Vargas Foundation (FGV), this is the highest level since September last year, when the index had reached 109.2 points. The ICC measures consumer feeling with regard to the economy.

The research, promoted based on a sample of over 2,000 houses in seven capitals, shows that both the evaluations regarding the present situation and expectations for coming months are more favorable.

The Current Situation Index (ISA) rose 5.4%, from 100.7 to 106.1 points. In the case of the Expectation Index, the growth was 4.3%, from 103.7 to 108.2 points, also reaching the highest level since September 2008 (108.6).

The share of consumers who evaluated their present local situation as good, in June, rose 8.3% to 10.0%. The proportion of those considering the situation bad dropped from 46.1% to 40.3%.

Still according to the study, the main contribution to the ICC result in the month came from the indicator that measures expectations with regard to the economic situation in the coming six months.

Between May and June, the proportion of consumers who forecast improvement rose from 28.3% to 30.9%. The share of those that forecast worsening dropped from 18.4% to 14.8%.

The Consumer Confidence Index is composed of five areas tested by the FGV in the Consumer Expectation Analysis. To promote the analysis, figures were collected from May 29 to June 19.

ABr

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