• Categories
  • Archives

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

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Your email address will not be published.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

All Things Considered Soybean Is Still Gold for Brazilian Farmers

Despite growing pest problems and soaring fertilizer and transport costs Brazil’s soybean farmers will ...

Silicon Valley South

Belo Horizonte entrepreneurs are part of a movement to wean Brazil’s computers from dependence ...

Rio Chooses 7-year Old as Carnaval Queen and World Gasps in Disbelief

Queen of the drum section is an important role in Rio’s Carnaval parade. It’s ...

A group of Brazilian Indians protest in capital Brasília against the government

A Month of Mobilization and Protests for Brazilian Indians

Indigenous April has begun in Brazil. Several events will be held throughout the country ...

Brazilians Betting Obama Will Be Green Enough to Help Brazil

Brazil is hoping that its ethanol may gain momentum and space in the United ...

Brazil, Land of Carnaval and Scandal

Brazilian politics is so rife with scandals that teams of journalists could spend the ...

In Brazil, Men, It Seems, Will Be Boys Forever

The role of the family in Brazil cannot be overstated. Devotion to one’s family ...

They Started in 1958 with Hay Mattresses. Today They Sell Upholstery in the US and Europe.

The Arab countries were responsible for 40% of external sales of upholsteries from Americanflex, ...

RAPIDINHAS

Found in a trunk 24 years after its author’s death, The Yellow Sofa is ...

U.S.A. Calendar

SUNDAY 1 NEW YORK 9:00 AM – 7:00 PM – Raça Negra at Brazilian ...