Clipping of news on Brazilian Culture, Law and Citizenship
08.27.2015
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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The National Index of Consumer Expectations (INEC) rose 1% in August compared to July, the survey showed the National Industry Confederation (CNI), announced on Wednesday (26/05). With the increase, the index reached 98.9 points. After constant falls, this was the second consecutive month the indicator.
The INEC is used to measure the trend of Brazilian household consumption and shows the expectations about the economy. The increase of the indicator in August is due mainly to the improvement in projections on the behavior of prices. Compared to July, the index of expectations for inflation increased 4.2%, which shows an optimism in the fall in inflation perspective.
Have expectations about unemployment, personal income and indebtedness were stable compared to the previous month. The indicator of expectations for purchases, however, increased 1.2%.
Despite the increase, the INEC is still 10.2% below the historical average, which is 110.1 points and is also 8.7% lower than that registered in August 2014, that is, consumers are still pessimistic, although a slightly less than in the last two months.
The INEC was created by the CNI in 1998.
Source: MSN
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This article was translated by an automatic translation system, and was therefore not reviewed by people.