Brazilians Slightly More Confident in the Economy

Brazilian consumers are more confident at the start of this year, according to data from the Getúlio Vargas Foundation’s (FGV) Survey of Consumer Expectations.

The Consumer Confidence Index, announced today rose from 103.6 points in December, 2005, to 110.5 points in January.

Consumers’ assessments of the current situation and forecasts for the next six months were also more favorable. The Current Situation Confidence Index increased from 104.5 to 109.7, and the Expectations Index, from 103.2 to 110.9.

Among the consumers who were polled, confidence in the local economy registered the greatest increase among the items related to present conditions.

The portion that regards the current level of the economy as good grew from 12.8% to 14.4%, while the percentage judging it to be bad decreased from 48.2% to 43.5%.

There was also an increase in the percentage of consumers who responded that they are more optimistic about the future prospects of the economy in the city where they live, from 23.5% to 30.8%. The share that believes that the economic situation will worsen dropped from 19.6% to 11.5%.

The Survey of Consumer Expectations is based on a sample of 2000 residences in seven of the country’s major capitals. The data for this year’s first survey were gathered during the period January 2-20.

Agência Brasil

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

Ads

You May Also Like

Brazil’s Industry Output Is Up 3.2% Thanks to Exports

Brazilian industrial production increased in 12 of the 14 areas included in the Regional ...

It’s a Girl! Brazil’s Cloned Cow Is a Mother.

The cow, Victoria, Latin America’s first cloned bovine, gave birth to her first calf ...

Brazilian biofuel

Monsanto, Syngenta & Co Jump on Biofuel Bandwagon in Brazil

There is a new participant in the international deliberations on global warming and agrofuels: ...

No Business Like News Business

The Brazilian press was among the victims of a serial killer on the loose. ...

Dilma Rousseff, José Serra and Brazilian president Lula

Whoever Becomes Brazil’s Next President It Won’t Be an Anti-Lula

As a cooling Rio summer sees the refreshing “March waters” clean the streets of ...

Sugarcane from Brazil

Brazil Presents the World in Europe Today Its Ethanol Success Story

Sugarcane and global warming. What do they have to do with each other? Everything, ...

Rapidinhas

People The art of unveiling A Cannes Film Festival without a scandal and without ...

Knock on Wood

How would you fancy to have a job in a country where everybody else ...

Brazil Joins Select Astronaut Club

Brazil will be giving a significant step towards joining the select group of countries ...

Brazil’s Pelí© Pitching Artificial Soccer Fields

Artificial turf has  come of age, Brazilian soccer player Pelé told delegates at Stadia ...