* Consumer confidence number points to weak economy
* Index falls to 116.2 in February: think-tank FGV
SAO PAULO Feb 26 Consumer confidence in Brazil
fell in February for the fifth month in a row to the lowest
since January 2012, adding to concerns that the nation's
economic recovery might be faltering, a private survey showed on
Brazilian think tank Fundação Getúlio Vargas (FGV) said its
consumer confidence index fell to a reading of 116.2
in February from 117.9 in the previous month.
Despite the drop, the index remained above its historical
average, FGV said in a report. Household consumption, supported
by low unemployment and rising salaries, has been Brazil's main
growth engine over the past decade.
The survey's barometer of the current economic situation
dropped to a reading of 128.9 from 131.9 in January, the lowest
since April 2010, while the gauge of future expectations slipped
to a reading of 109.6 from 110.5, the lowest in one year.
FGV's consumer confidence survey is based on interviews
conducted with around 2,000 people in seven large Brazilian
cities between Jan. 31 and Feb. 23.