Brazil consumer confidence hits 4-year low in September, fifth straight monthly drop

FGV Ibre's Consumer Confidence Index fell 0.5 points to 84.2 in September, the lowest since November 2022, marking a fifth consecutive monthly decline and a cumulative 4.9-point loss. The deterioration was driven entirely by weaker expectations, while present-conditions indicators improved slightly. This signals persistent consumer pessimism in Brazil, which may weigh on consumption and growth outlook.