BRASILIA: Consumer confidence in Brazil edged up slightly in June, a private survey showed on Thursday, snapping a recent trend of deterioration in consumer sentiment.
The increase was driven by a modest improvement in sentiment about present conditions, while expectations for coming months did not change much, FGV said in a note. The report did not detail the impact of the World Cup on confidence.
One year earlier, when massive street protests started in Brazil's major cities, the index was at 113.0.
Consumer confidence has dropped steadily since April 2012 as inflation failed to slow down and economic growth remained weak, hurting President Dilma Rousseff's approval ratings just as she prepared to run for re-election in October this year.
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