FGV: Consumer confidence was stable in September
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The mood of consumers was stable in September. It is revealed that the Index of Consumer Confidence (ICC) this month, which showed zero in September compared to August, the seasonally adjusted series. In August, the index fell 0.4% from July. As a result, the performance indicator, which is calculated based on a scale from zero to 200 points, stood at 111.0 points from August to September. The closer to 200, the greater the level of consumer confidence.
In his report, FGV said: "The result confirms the accommodation of the ICC in the level reached in July (at close to 111 points), after five consecutive months of improvement, between March and one month." Also according to the institution, the index in September was close to 112.2 points for the same months of 2008 and exceeded the historical average of 107.1 points, "depicting a consumer guardedly optimistic about the direction of the Brazilian economy in the short term .
The CCI is divided into two indicators: the Current Situation Index (ISA), which showed an increase of 0.4% in September after rising 2.4% in August, and the Expectations Index (EI), which showed a decrease of 0 3% this month compared with the decrease of 1.8% last month. According to FGV, the CCI fell 1.1% in September, compared to the same month last year. In August, the CCI increased by 1.9% in the same comparison.
The FGV survey covers a sample of more than 2 thousand households in seven capital. Interviews were conducted between 31 August and 18 September.
Source: State Agency
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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