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Economic indicators

Consumer confidence grows in March , says FGV

26/03/2014

This article was translated by an automatic translation system, and was therefore not reviewed by people.





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Although confident , consumers are more pessimistic

Kena Betancur / Getty Images News

The CCI ( Consumer Confidence Index ) had a small increase of 0.1 % in March compared to February , after three months of decline , informed the FGV ( Fundação Getulio Vargas ) on Wednesday ( 26 ) .

According to the report , the ICC increased from 107.1 to 107.2 points . Despite the improvement , the index remains below the historical average of 116.3 points for the 14th straight month - compared to March last year , the decline this month was 5.9 % .

The slight increase in consumer expectation in March was due to a better assessment of the present moment , according to Fipe : ISA ( Current Situation Index ) rose 1.3 % after falling 6.1% recorded in the previous three months.

Nevertheless , pessimism about the future continues . The IE ( Expectations Index ) fell for the fourth consecutive month , by 0.5 % to 104.0 points , which represents the lowest level since May 2011 ( 103.9 ) .

The degree of consumer satisfaction with general economic conditions, in turn , had a slight improvement in March : the proportion of consumers who evaluate the situation as good increased from 15.2 % to 15.6 % , while that of the bad judge declined from 41.0 % to 39.5 % .

Regarding expectations for the coming months , the indicator that measures the degree of optimism fell to 98.4 points , the lowest level since March 2009 ( 95.9 ) . While the percentage of consumers who glimpse improves fell from 26.0 % to 25.0 %, the deterioration of which provide increased from 26.5 % to 26.6 % .

The Consumer Expectations Survey is conducted from a sample of about 2,000 homes in the seven major Brazilian cities .
Data collection for the March 2014 edition was held from February 28 to March 21.


Source : R7

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This article was translated by an automatic translation system, and was therefore not reviewed by people.

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