Consumer confidence is recovering and is the highest since October
This article was translated by an automatic translation system, and was therefore not reviewed by people.
This assessment has worsened, but expectations are better. Proportion of consumers who plan to spend more grew.
The Brazilian consumer confidence improved in April, the second consecutive monthly high. The Getulio Vargas Foundation, the Consumer Confidence Index (CCI) was high compared with 2.5% in March, recovering from losses in recent months.
With the high, the CCI rose to 98.5 points, the largest level since 102.4 points recorded in October 2008. In comparison with April of last year, however, the indicator is 13.2% lower.
The improvement in April was the result of more favorable forecast for the coming months, the Expectations Index (EI) was increased 5.0%, from 95.4 to 100.2 points, the highest since September 2008. The proportion of consumers who plan to spend more durable in the next six months increased from 9.6% to 12.6% while the share of those spending less fell from 38.2% to 36.9%.
But the evaluation of the present situation continued worsening, reaching a historical minimum of 96.8 points, a drop of 1% in comparison with the previous month. The consumer continues to negatively evaluate the situation of the local economy: between March and April, the share of consumers who evaluate the situation as good fell from 7.3% to 7.0% of the total, while the poor think that the increased was 52.7% to 53.6%.
Source: G1
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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