In Brazil Only 35% Say Economy Is on the Right Track

After falling in July and September polls, consumer confidence in Brazil remained steady in the latest Sensus poll (November) with 52.7% of those interviewed saying government economic policy is inadequate, and 35.3% saying it is correct.

These polls are carried out every two months under the auspices of the Brazilian National Transportation Confederation (CNT).

The only significant change in the three polls (July, September and November) was a drop in those saying economic policy was correct (it was 40.2% in the July poll).

The difference, in the three polls, between those who said economic policy was inadequate was less than one percentage point (As the poll has a three percentage point margin of error, that difference is insignificant).

The numbers were also steady in the last two polls (September and November) with regard to opinions about the future. Those who were positive were 41.2% and 42.3%, respectively. And those who were negative about the future 48.6% and 49.4%.

The Sensus/CNT poll was conducted at the beginning of November in 24 states where 2,000 people were interviewed.

Industrial Sector

Another survey, this one by the Economic Research Institute at Brazil’s Getúlio Vargas Foundation has found that businessmen in the industrial sector are less optimistic about next year, at least as far as their investment plans go.

The survey asked 1,015 businessmen about their plans for new machinery and equipment for 2006. The result was that 38% said they would be making new investments. For the sake of comparison, the same survey for 2005 found that 52% of those interviewed said they had investment plans.

This is the fourth consecutive year that the survey has been conducted. This year’s survey showed lower optimism in all the categories surveyed, compared to 2004.

Even so, the vast majority of those interviewed remain positive. For example, in 2004, 83% said they expected more sales revenue. This year that number was 72% – down, but still high.

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Your email address will not be published.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

Brazil and US Join Efforts to Fight Sex Slavery

New action strategies for the war against human traffic are being organized by officials ...

Brazil’s Lula Wants UN to Help Immigrants Send Money Back Home

After participating in the opening ceremony of a United Nations (UN) Security Council meeting, ...

Third Place Marina Silva Big Winner and King Maker in Brazil’s Presidential Election

Dilma Rousseff chosen by Brazilian President Luiz Inácio Lula da Silva to succeed him ...

World’s Love for Coffee Feeds Brazil’s Realcafí©

The Brazilian soluble coffee factory Realcafé, from the state of EspÀ­rito Santo, in the ...

Tough Choice

The Landless Movement in Brazil is a success. One quarter of a million people ...

In Competitiveness Brazil Gets an F

Brazil is 39th in international competitiveness, according to the Competitiveness Indicator (IC) calculated by ...

Presenting Rio Favelas as a Testament to Brazilian Ingenuity

A survey completed in four American and one Canadian cities reveals a huge disparity ...

Brazil Lowers GDP Expectations from 4% to 3.12%

Brazil’s Gross Domestic Product (GDP), which represents the sum of wealth produced in the country, ...

EU Offers 60% Tariff Cut and Asks Brazil and Friends to Reciprocate

The EU (European Union) has offered to cut its farm tariffs by 60% to ...