• Categories
  • Archives

Political Turbulence in Brazil Lowers Consumer Confidence Level

Brazilian Consumers’ confidence fell once again in July, according to the 20th Consumers’ Expectations Poll, released today by the Getúlio Vargas Foundation (FGV).

Since February, the only month in which the downward trend in consumer expectations was broken was in May, when it comes to consumer insatisfaction with the present situation and future prospects. In May, the indices were stable in comparison with April’s results, on average.


In July, four of the eight items analyzed were worse than in the previous survey. The other four remained unchanged. For the FGV, the disturbances in the political climate and consumers’ perceptions regarding the country may have contributed to the negative evaluations with respect to the economic situation of Brazil.


Of the 1,509 individuals interviewed between July 1 and 20, 11.9% said that the economy is better off than it was six months ago. This percentage is less than in June, when the favorable response was 12.8%.


The percentage of those who believe that the country’s economic situation has gotten worse rose from 35.6% to 37.3%. This is the highest percentage since April, 2004.


July’s Survey also indicates that the percentage difference between positive and negative responses increased to -25.4%, the worst outcome since April, when it was -31.6%. The results for July are the fourth worst ever since the survey began.


When it comes to the family’s economic situation, the survey shows that 17.3% of the sample believes that things have improved. Last month’s percentage was higher: 21.7%.


There was also an increase, from 21.1% to 22.1%, in the percentage of those who believed that the situation had gotten worse.


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Your email address will not be published.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

Brazilian composer Braguinha

Brazilian Hit Maker Braguinha Dies Weeks Before Turning 100

Brazilian composer Carlos Alberto Ferreira Braga, Braguinha, one of Brazil’s most enduring and beloved ...

Brazil’s Plans to Help Those Without Health Insurance

Brazil’s Ministry of Health plans to expand four programs designed to improve care for ...

Sahrazad’s Tales Get in Brazil Directly from the Arabic

The Thousand and One Nights was released this week at the Cultura Bookstore in ...

67% of Brazilians Never Surfed the Internet, 54% Never Used a Computer

A study prepared by the Brazilian Internet Steering Committee released yesterday, November 8. shows ...

Brazil Isn’t Ready to Replace the US as Protector of Latin America

Many modern intellectuals (leftist economists and political scientists of various nationalities) have been advocating ...

Brazil: How to Make a Lite FTAA

The latest round of negotiations for the Free Trade Agreement of the Americas was ...

Harvesting in Brazil

Deceitful and Inconsistent, Brazil Is No Third World Champion

The latest round of WTO negotiations has been nothing if not dramatic, and in ...

Brazil Has 100,000 Caves and Very Little Protection for Them

Brazil is starting a national program for conservation of caves this week. The Brazilian ...

Pay-for-Vote Scandal: Brazilian House Absolves Two More

Since the beginning of the so-called "mensalão" (big monthly) crisis, in which there was ...