Clipping of news on Brazilian Culture, Law and Citizenship
08/20/2013
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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The decline was 1.3% on July and 9% rises the same month of 2012.
Index remains low for the series, which started in January 2010.
The Intent of Household Consumption (ICF) fell by 1.3% in August compared with July to 123.4 points, announced on Tuesday (20) the National Confederation of Trade in Goods, Services and Tourism (CNC .)
In comparison with the previous month, the drop is 9% compared to August 2012.
The index remains low for the series, which started in January 2010. In July, the FCI showed declines of 4.0% and 7.7% in the monthly and annual basis, respectively, says the CNC.
Despite the result, the index remains above the zone of indifference 100 points, indicating a favorable level of consumption.
"The less optimism about employment and income that uncertainty about the exchange rate and the rising cost of credit are some of the factors which have been reflected in the numbers," says the CNC in a statement.
Source: G1 - News
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This article was translated by an automatic translation system, and was therefore not reviewed by people.