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    Your email address will not be published.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

    Rocinha favela in Rio de Janeiro, Brazil

    Brazil Becomes Middle Class But Not Bourgeois

    Foreigners who still see Brazil as a nation in which a tiny elite sits ...

    Brazil Takes the Biodiesel Route

    When German engineer Rudolf Diesel took the first diesel engine to the world fair ...

    The Lebanese and Their Children Who Are Building Brazil

    Businessman Ricardo Sayon runs Ri Happy, one of the most renowned toy store chains ...

    Amazon: Brazil Arrests 11 Caught Logging

    The arrests in Brazil of eleven individuals caught red-handed in the past two weeks ...

    zzz

    Rio Breaks Down. Heaviest Rain in Decades Kills Over 100

    At least 102 peoople have been killed by landslides and floods set off by ...

    Bolivian gas pipeline

    Brazil’s Drop in Demand Causes 25% Fall in Bolivian Gas Production

    Brazil has reduced its demand for Bolivian natural gas to 24 million cubic meters ...

    Best-seller books, plays & movies

    PLAYS Rio As Malandragens de Scapino (Scapino’s Rogueries) — Molière’s comic classic about a ...

    Nobody Seems Happy with Brazil’s New GM Measure

    The recent temporary measure (Medida Provisória, MP) signed by Brazilian President Luiz Inácio Lula ...

    OPEP

    Brazil Says No to Iran Invitation to Join OPEC

    The Brazilian government has turned down a formal invitation by Iran for Brazil to ...