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    Your email address will not be published.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 *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Ads

    You May Also Like

    Sí£o Paulo, Brazil: Where the Fashion Meets

    The 30th Fashion Meeting, which took place in São Paulo, is one of the ...

    Downtown Blues

    Pátio do Colégio: São Paulo, the third largest city in the world, was born ...

    Playing Safer

    The first cases of AIDS in Brazil were diagnosed in São Paulo and Rio ...

    No Tears Shed for Windows in Brazil

    The 1st National Free Software Meeting for Municipalities got underway August 23 in Rio das Ostras, ...

    Rio Tinto in Corumbá, Brazil

    Brazilian Vale Buys Mines from Rio Tinto in Canada, Argentina, Brazil

    Rio Tinto Group, an Anglo-Australian company, is selling mining assets in Argentina, Brazil and ...

    WTO Accord Is Must to Keep the World Order, Says Brazil in South Africa

    The heads of State who participated Sunday, February 12, in the Progressive Governance Summit ...

    Brazil’s Odebrecht Gets a Foot in Arab Door

    Construction company Norberto Odebrecht, from Brazil, started the construction of a new maritime terminal ...