Political Turbulence in Brazil Lowers Consumer Confidence Level

    Brazilian Consumers’ confidence fell once again in July, according to the 20th Consumers’ Expectations Poll, released today by the Getúlio Vargas Foundation (FGV).

    Since February, the only month in which the downward trend in consumer expectations was broken was in May, when it comes to consumer insatisfaction with the present situation and future prospects. In May, the indices were stable in comparison with April’s results, on average.


    In July, four of the eight items analyzed were worse than in the previous survey. The other four remained unchanged. For the FGV, the disturbances in the political climate and consumers’ perceptions regarding the country may have contributed to the negative evaluations with respect to the economic situation of Brazil.


    Of the 1,509 individuals interviewed between July 1 and 20, 11.9% said that the economy is better off than it was six months ago. This percentage is less than in June, when the favorable response was 12.8%.


    The percentage of those who believe that the country’s economic situation has gotten worse rose from 35.6% to 37.3%. This is the highest percentage since April, 2004.


    July’s Survey also indicates that the percentage difference between positive and negative responses increased to -25.4%, the worst outcome since April, when it was -31.6%. The results for July are the fourth worst ever since the survey began.


    When it comes to the family’s economic situation, the survey shows that 17.3% of the sample believes that things have improved. Last month’s percentage was higher: 21.7%.


    There was also an increase, from 21.1% to 22.1%, in the percentage of those who believed that the situation had gotten worse.


    Agência Brasil

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