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Consumer confidence in Brazil drops in January to its lowest

Thursday, January 29th 2015 - 07:17 UTC
Full article 4 comments

The reading of consumer confidence dropped in Brazil in January--to its lowest level ever--as the country's economy struggled. Brazil's main consumer-confidence index was at 89.8 points in January, down from 96.2 points in December, the Getulio Vargas Foundation, or FGV, said earlier this week. Read full article


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  • yankeeboy

    The worst drought to hit Brazil's biggest city in decades may leave residents with water service only two days a week.

    Sao Paulo water utility company Sabesp says a five days-off, two days-on system would be a last-ditch effort to prevent the collapse of the Cantareira water system.

    The reservoir is the largest of six that provide water to some 6 million of the 20 million people living in the metropolitan area of Sao Paulo. The utility says Cantareira is now down to 5.1 percent of its capacity of 264 billion gallons (1 trillion liters).

    Sabesp official Paulo Massato Yoshimoto said Wednesday that “rationing could happen if rainfall does not increase in the reservoir area soon.”

    Told ya...

    Jan 29th, 2015 - 01:20 pm - Link - Report abuse 0
  • Conqueror

    Brazil is sliding down the scale. Now less important than California. Sorry. Never been important.

    Jan 29th, 2015 - 03:09 pm - Link - Report abuse 0
  • Tik Tok

    The only good thing about such abysmal growth and problems everywhere is that it will hopefully force change for the better.

    Jan 29th, 2015 - 07:48 pm - Link - Report abuse 0
  • yankeeboy

    I love to watch Marxism fail.
    It is glorious

    Watch how fast they start burning through reserves...

    Jan 30th, 2015 - 07:07 pm - Link - Report abuse 0

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