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Consumer News

Consumer confidence fell 8.1% since September

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

 
 


Under the effects of international economic crisis, the Brazilian consumer confidence worsened in the first quarter of the year. The National Index of Consumer Expectations (Inec), calculated by the National Confederation of Industry (CNI), fell 3.2% at the end of the first quarter of this year for the outcome of December last year and decreased 4.7% in compared to March 2008. Therefore, according to CNI, the Inec accumulates low of 8.1% since September last year, when it began less acute crisis with the fall in U.S. investment bank Lehman Brothers.

The Inec is composed of the consumers' expectations regarding inflation, unemployment, income, financial situation, debt and purchases of goods of greater value. "The fall in Inec the second consecutive quarter showed that the Brazilian consumer adjust their expectations in line with the framework of the worsening crisis in the world economy and its impacts in Brazil. It is a recognition that the problems affecting our economy," the manager evaluated Executive for Economic Policy of the CNI, Flávio Castelo Branco.



Source: State Agency

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

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