Brazil Consumers Happier with Present and Confident in Future

Brazilian store The confidence of Brazilian consumers in the economic situation of Brazil and Brazilian cities has increased, according to the Consumer Expectation Survey, disclosed May 27 by the Getúlio Vargas Foundation.

The Consumer Confidence Index, which measures two variables, rose 2% from April to May. In comparison with May last year, the expansion was 5.6%.

According to the survey, both the assessments of the current situation and the expectations for the coming months have become more favorable. From April to May, the Current Situation Index grew 2.6%, and the Expectancy Index rose 1.6%.

In the month of May, consumers' assessment of the economic situation in their cities has improved. The share of those who considered the situation as good went up from 15.5% to 19%. The rate of those who considered it bad grew by a lower rate, from 29.8% to 30.6%.

Expectation regarding the economic situation during the next six months is more optimistic as well: the share of consumers surveyed who expect improvement grew from 22% to 24.2%, and that of those who expect a worsening decreased from 14.4% to 11.3%.

The Consumer Expectation Survey is based on a sample of 2,000 households in seven of the main Brazilian capitals. Data were collected from May 2nd to 21st.

ABr

Tags:

You May Also Like

Downtown São Paulo seen from the Ibirapuera park

São Paulo, Brazil’s Largest City, Isn’t Just All Business Anymore

Everything is superlative in São Paulo, from the size of the city to the ...

Brazil’s Petrobras Spends Close to US$ 300 Million in Social Projects

Petrobras, Brazil's state-controlled oil and gas multinational, provided sponsorship and support for 2,300 projects ...

Brazil Agribusiness Grows 12% to Record US$ 44 Billion

Brazilian agribusiness exports broke a new record and reached US$ 43.6 billion last year. ...

Brazilian Ranchers Charged with Destroying Habitat of Uncontacted Tribe

According to Survival International, a group dedicated to the preservation of tribal life, the ...

For Brazil, Anyone Will Do at the OAS

The Secretary-General seat of the Organization of American States (OAS) is still up for ...

To Develop Brazil’s Northeast Is Obligation Not Dream, Says Lula

At a last stopover on Monday, January 16, in northeastern Brazil, during visits to ...

Truck and building of Frutaflor

Brazilian Shows the Power of Fruit and Flower

After 10 years dedicated to ballet, Paula Regina Dell’Antonio changed the stage for flowers. ...

Brazil Confirms Its Santos Find Has Up to 4 Billion Barrels of Light Oil and Gas

Brazil's state-controlled oil and gas multinational Petrobras has just announced that the completion of ...

70% of Brazilian Nitro Quí­mica’s Production Go Overseas

Sales of nitrocellulose by company Nitro QuÀ­mica, a subsidiary of Votorantim Group, to the ...

Brazilian Rancher Threatens Yanomami Shaman with Death

A Brazilian rancher who is illegally occupying land within the Yanomami indigenous territory in ...