Brazil Survey Shows Bad Economy But Not-Too-Bad Personal Finances

The results of the 18th Consumer Expectations Survey were released yesterday by the Getúlio Vargas Foundation’s (FGV) Brazilian Institute of Economy (Ibre). And Brazilians seem a tad more optimistic about their own finances.

The study, conducted between May 5 and 20, indicates that the recovery of jobs and income in the past 12 months, though modest, has had a positve influence on consumer evaluations.

The stable evaluation registered in May marks a change from the sequence of downward moves that constituted the trend since January.

The survey indicates that consumers feel the economic situation of the country has gotten worse, contrary to their personal finances, which they judge to be in better shape than they did in April.

The proportion of consumers who consider the economy better off than it was six months ago dropped from 14.1% in April to 12.9% in May, while the share of those who believe that it has gotten worse rose from 25.8% to 28.2%.

With regard to personal finances, however, the proportion of consumers who consider their family’s economic situation better off than it was six months ago increased from 20.4% to 21.7%, while the share of those who believe that it has gotten worse fell from 21.6% to 19.9%.

The proportion of consumers who said they were able to save money also grew, from 13.1% in April to 13.8% in May.

Another positive result has to do with the percentage of those who said they are getting into debt. The percentage in May (25.9%) is less than in April (29.5%). The percentage of those who said their budget is balanced rose from 57.4% to 60.3%.

As for the future, the percentage of consumers who think that the possibility of finding employment will be maintained in the next six months was 38.6% in May, compared with 37.6% in April.

With respect to the economic situation, the percentage of pessimists increased from 14.8% to 16.2%, but as far as the family’s economic situation is concerned, expectations are more optimistic, rising from 51.6% to 54.5%.

The average forecast by consumers for this year’s inflation was 9.04%, higher than April’s prediction of 8.95%.

Agência Brasil

Tags:

  • Show Comments (1)

  • Guest

    sam thomas
    i think this report is very good on the economic terms of brazil i think that you have portrayed the use of words in the fantastic report

    thankyou

Your email address will not be published.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

From 18 Congressmen to Be Sacked in Brazil, 7 Are from Ruling PT

The Post Office and Vote Buying Congressional Inquiries (CPIs), in Brazil, approved a joint ...

Researchers in Brazil Get US$ 2.1 Million to Study AIDS and STDs

Beginning this month, researchers from all over Brazil will begin to receive funding from ...

After 8 Inmates Are Killed, Some Decapitated, UN Asks for Brazil Reforms

While assessing the recent outbreaks of violence that took place in several prison facilities ...

Brazil Converts US$ 21 Million Debt to US into Project to Protect Forests

Brazil and the United States signed an agreement in which Brazil will use US$ ...

Brazil Says Present at Saudi International Healthcare Fair

The Arab Brazilian Chamber of Commerce (CCAB) is going to participate in the Saudi ...

Brazil: How to Kill a Landless

There have been frequent episodes when Brazilian estate owners used terrorist methods against the ...

Brazil Autoracing: Speed Is in The Blood

Decades of success in Formula One, and now, Formula Indy, supported by winning personalities, ...

Wall separating the United States from Mexico

40 Brazilian Men, Women and Children Found Inside Truck in Texas

US immigration authorities announced yesterday, February 21, that they are deporting 40 Brazilians who ...