• Categories
  • Archives

All Time Low: Only 33% of Brazilians Say Economy Will Improve This Year

Brazilian consumer confidence fell again in June, according to the 19th Survey of Consumer Expectations, conducted by the Getúlio Vargas Foundation’s (FGV) Brazilian Institute of Economics (Ibre) and released today.

Only one of the five items in the questionnaire failed to present worse results than in May. That was the family’s economic situation (11.7%), the same as in May.


The index of consumers who consider the current economic situation better than it was six months ago registered a slight decrease, from 12.9% to 12.8%. The index of those who consider it worse rose from 28.2% to 35.6%, the highest level since January, 2003.


The consumers revealed less favorable expectations regarding the future. Only one of the four items included in the survey registered an improvement. That was the labor market, which had declined during the four previous months.


Although 55.7% of the consumers think that finding a job will be more difficult in the six coming months, compared to 55.2% in May, the index of those who think it will be easier increased from 6.3% to 10.2%.


Expectations for the country are worse than they are for families. The percentage of consumers who believe that the country’s economic situation will improve in the next six months dropped from 36.4% to 32.9%, an all-time low for the survey.


On the other hand, consumers now believe that inflation will average 8.7% in 2005, compared with 9.0% in May.


ABr – www. radiobras.gov.br

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Your email address will not be published.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

Almost US$ 15 Million Fine for Oil Spill in Brazil

The Oceanus Maritime Agency, responsible for the Bahamian-flag ship, the Saga Mascot, which spilled ...

Panicky Markets: US, Clean Your Own Mess, Warns Brazilian President

At at time when stock exchanges and financial systems all over the world react ...

Corruption: After 5th Minister Falls in Brazil, the Question Is: ‘Who’s Next?’

It was already close do midnight, last night, when the Brazilian government announced that ...

All in a Brazilian Week

In Brazil, barely a day goes by without a new corruption scandal being reported ...

Rio Answers to 11% of All Brazilian Exports. US Is Main Destination

Exports from the state of Rio de Janeiro grew 31.5% in the first half ...

Artists, Musicians and Chefs Give Washington DC a Monthful of Brazil

Brazil Moves, a month long celebration of Brazilian life, arts, food and culture is ...

Women Get 60% of All New Jobs in Sí£o Paulo, Brazil

The labor market in the city of São Paulo is quite different from the ...

Brazil’s Red Tape Makes It a Poor Exporter

Brazil’s Ministry of Finance has an extensive list of action plans to improve the ...

Brazil’s New Finance Minister Wants GDP Over 4% in 2006

In his first remarks as Brazil’s new minister of finance, following a ceremony at ...

Brazil’s Top Business School Partners with American Babson College

Fundação Getúlio Vargas (FGV), Escola de Administração de Empresas, Sao Paulo (EAESP), Brazil, has ...