Clipping of news on Brazilian Culture, Law and Citizenship
10.26.2015
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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The index of current situation decreased 2.1%, with worsening of consumer evaluations both on the economy and personal finances
The index of current situation decreased 2.1%, with worsening of consumer evaluations both on the economy and personal finances Lifesize / Getty Images
The Consumer Confidence Index from FGV (Getulio Vargas Foundation) declined 0.8% in October this year, reaching 75.7 points, the lowest level of the series for the fourth consecutive month.
The coordinator of consumer survey, Viviane Seda Bittencourt said that the "lack of positive signs in the economic front associated with political uncertainties maintain confidence in the all-time low."
- Consumers remain quite dissatisfied with the present and pessimistic about the future. There was stability index measuring expectations, but, after falling 5.4% the previous month, this movement is still insufficient to suggest the possibility of a trend change.
In October, the index of the current situation decreased 2.1%, with worsening of consumer evaluations regarding both the economy and personal finances. The expectations index remained stable at the lowest level of the series: 81.1 points.
The question that measures the degree of satisfaction with the economic situation was the largest contributor to the fall of the confidence index for the month. In October, only 2.7% of consumers evaluate the local economic situation as good; 86.3% consider it bad.
Regarding the coming months, an increase of 1.3% indicator that measures intended to durable purchases. This improvement, however, does not seem grounded enough to signal a new trend for the indicator, in 63.6 points, still very close to the historic low of 62.8 points in the previous month.
The share of consumers intending to buy over the next six months fell from 9.3% to 8.9% while the designing smaller purchases rose from 46.5% to 45.3%.
Analyzing the result by income level, there is an increase of 2.8% in consumer confidence with monthly income between R $ 2,100.01 and R $ 4,800, exactly the segment that had registered the biggest drop in the previous month (- 8.4%).
At the other end, there were further drop (of 2.9%) confidence among higher-income consumers (above R $ 9,600), after falling 7.4% the previous month.
Consumers remain quite dissatisfied with the present and pessimistic about the future, says FGV Playback / FGV
Source: R7
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This article was translated by an automatic translation system, and was therefore not reviewed by people.