In Brazil Consumer Confidence Falls for Third Month in a Row

Brazilian consumer confidence has fallen for the third consecutive month, reports the Fundação Getúlio Vargas (FGV) in its latest (21st) survey.

FGV interviewed 1,438 household heads between August 1 and 22 in the country’s 12 main capital cities.


The number of respondents who said they thought things were going to improve fell from 52.1% in July to 46.7% in August. And, at the other end of the scale, those who expected things to get worse rose from 6.2% to 7%.


Respondents cited reduced economic growth and the political crisis as the main reasons their confidence was lower.


As a matter of fact, the survey found respondents said everything was lower – except their level of indebtedness. However, the percentage of those who said they were indebted actually fell from July to August, going from 30.4% to 28.3%.


The percentage of respondents who said they had money left over remained stable at 12.3%, but that is the lowest level since October 2002.


The FGV consumer confidence survey was quarterly until July 2004, when it became monthly.


Agência Brasil

Tags:

You May Also Like

Brazil’s Chansonnier par Excellence

When it comes to composing song tunes, Marcio Proença is a veteran. His musical ...

Brazil’s Petrobras Buys Termocearí¡ Electric Plant

MDU Resources Group, Inc. announced today that its Brazilian partnership with EBX Capital Partners, ...

Mouth- watering Bit

OTHER BRAZILIAN FOODS By Habeeb Salloum The first time I entered a restaurant in ...

Milton Hatoum: Author from Brazil, Voice of Many Cultures

Good literature is not always a synonym of immediate success with the public. There ...

Brazil’s Surplus Reaches US$ 36.3 Billion

According to Brazil’s Ministry of Development, Industry and External Trade, Brazilian exports totaled US$ ...

Immigrants Role: To Win Friends and Influence Congress

After debating for several weeks about the touchy subject of immigration reform, the United ...

Saudi Arabia

Brazil and Saudis to Triple Their Trade to US$ 10 Billion

Brazilian trade with Saudi Arabia may reach US$ 10 billion in four years. The ...

The surveillance scandal

Police wire-tap tapes suggested that bribery was used to hasten Brazilian Senate ratification of ...

Brazilian Party Accuses Police of Being Too Harsh in Fighting Corruption Case

Known as Operation Voucher, the August 9 Brazil’s Federal Police dragnet resulted in the ...

People from Guapiruvu, in São Paulo, Brazil, get together

A Small Community in Brazil Is Giving Sustainable Development a Good Name

Antônio Carlos "Carlinhos" de Lara is serving time on parole for poaching palm hearts ...