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    Your email address will not be published.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

    To Win China Brazil Needs a Better Cotton

    China consumes over a third of the world’s cotton crop and imports over 40% ...

    16 Brazilian Congressmen Get Reprieve to Dispute Corruption Charges

    The leadership of Brazil’s Chamber of Deputies decided, Thursday, September 15, to grant a ...

    Mouth- watering Bit

    OTHER BRAZILIAN FOODS By Habeeb Salloum The first time I entered a restaurant in ...

    Brazil and Neighbors Look for Cultural Integration

    The Mercosur is of decisive importance for the future of all the countries in ...

    Corruption? No Big Deal! That’s the Way Things Are Done In Brazil

    The present problem of corruption involving the Lula administration finds its roots in the ...

    Brazil Success and the Art of the Possible

    Before I go any further, I should perhaps explain the reference to Bismarck for ...

    Bahia Assembly

    Bahia Police Strike Escalates: Strikers Take Assembly, Army Surrounds Them

    The number of weekly murders in the capital of the northeastern Brazilian state of ...

    Rio’s Holiest View

    Faced with the PT’s fine standing after the first round the international press may ...

    We’ve never won so many medals

    Atlanta has revealed to the world and to Brazilians themselves an unknown Brazil which ...