• Categories
  • Archives

Brazilian Consumers Have Never Been So Confident

Brazilian consumers’ confidence in the economy and their own personal finances is on the upswing and, in January, these indices attained their highest levels since October, 2002, when the Getúlio Vargas Foundation (FGV) conducted the first Consumer Expectations Survey.

The 14th edition of the survey, released today, shows that the country’s economic situation was considered good by 13.3% and bad by 33.4% of the people who were interviewed. The difference between these two extremes is at its lowest point since the historical series began.


13.6% of the consumers considered their family’s economic situation good, while 19.1% regarded it as bad. This result is down from December’s levels (16.2% and 21.5%, respectively).


The portion of consumers that sees their family’s economic situation as better than what it was six months ago rose from 18.9% to 21.3%. Over the same time period there was a reduction in the percentage of those who considered it worse, from 15.1% to 12.0%.


The study suggests, however, that expectations for the country’s situation in the future have worsened. The confidence level declined from 46.4% in December to 45.4% in January.


With regard to the family’s economic situation, there was also a decline in the portion of consumers optimistic about the next six months, from 56.7% to 56.1%.


The 14th Consumer Expectations Survey also found that the average forecast for inflation in 2005 was 9%, down slightly from the 9.1% registered in December.


Translation: David Silberstein
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Your email address will not be published.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

Due to Prejudice Majority of Jobless in Brazil Are Women

Women form the majority of the unemployed in Brazil’s six metropolitan areas – Rio ...

Brazil’s Assurance: We’re Not Bankrupt, We’re Part of Solution

Brazil's new strategy for maintaining investment and expanding credit is reducing interest rates on ...

Immunity Violation: Bolivia Accused of Doing to Brazil What Evo Morales Complained About EU

Brazilian authorities are saying that Bolivia violated the immunity of a Brazilian Air Force ...

Beating as Usual

Amnesty International tells that police torture to obtain confessions is a routine practice in ...

Hopes for Lower Interest Give Brazilians Stocks a Push

Latin American stocks were mixed to higher, with Brazilian shares gaining on hopes the ...

Northeast Brazil to Have Its Own International Food Trade Show

Brazil's Fispal, a trade show for the food sector has a version named Fispal ...

Brazil Starts Petrobras Biofuel, a US$ 1.5 Billion Venture

Brazil's Petrobras Biofuel, a subsidiary of the state-controlled oil multinational Petrobras, was officially inaugurated ...

Letters

Are they serious? In your March edition in the “Rapidinhas” section you listed a ...

Brazil Cannibalism: Man Gets 16 Years for Killing and Eating Foe’s Heart

Brazilian carpenter Gilmar Alberto Wasckman, 46, was convicted this Friday, July 31st, by a ...

Official Mourning for Brizola in Brazil

Brazilian President Luiz Inácio Lula da Silva said he deeply regretted the death of ...