Brazil's consumer confidence up in May
Brazil's consumer confidence compiled by the Getulio Vargas Foundation was up in May compared with April.
The consumer confidence index increased 3.5 points to 67.9 points from 64.4, ending a two-month decline. The foundation said the increased consumer confidence was driven by improved expectations. The index's expectations indicator grew 5.3 points, a nearly five-year high, to 71.1, the highest since last June.
The indicator that measures consumer satisfaction with their family's financial situation rose 2.7 points in May, following a decrease in the previous two months and a historic low in April of 56.9.
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