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Economic indicators

Optimism of the Brazilian back to the levels before the crisis, says CNI

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



 
Robson Bonin


Fear of losing jobs and helps reduce consumption, says survey.
Percentage of those who believed in unemployment fell from 70% to 43%.   
 
Released on Friday (25) by the National Confederation of Industry (CNI), the National Index of Consumer Expectations (INEC) shows a significant improvement in consumer confidence.

In comparison with the last quarter, the INEC registers the second consecutive increase, to 4.7%. With the new increase, the index gives a value only 0.2% lower than in September 2008, "before the effects of the international crisis on the Brazilian economy became more evident," the CNI.

In relation to employment. In the first three months of the year, according to the survey, the percentage of respondents who believed in an increase in unemployment was 70%. Already in the third quarter the index fell to 43%.

Released quarterly, the INEC measures consumer expectations for the year on topics such as: inflation, personal income, financial situation, debt and unemployment.

According to data released Friday, the growth of INEC in the second quarter occurs in other components of the index, especially in the expectations of unemployment and financial situation. The index of expected unemployment rose by 9.5% - growth rate is increased optimism about the job.

For the CNI, the scenario illustrated by the numbers refer to a "reversal of expectations quite significant, probably due to improved labor market and increased employment." Inflation expectations registered a new improvement. The index grew 3.7% in quarterly comparison and accumulated growth of 15.4% over the first quarter.

The index of expectations for their own income grew 3.0% in the quarter. Although remain 1.1% lower than in the third quarter of 2008, the index remains above the historical average, which suggests that individuals follow relatively optimistic about their income. The improved financial situation is highlighted. The benchmark index rose 5.9% in the quarter and is only 0.4% lower than in the third quarter of 2008.

Debt

The debt ratio, in turn, continued recovery trend since the second quarter and grew 4.3%. The year, accumulated growth of 7.9%. The financial recovery, the fall in debt and improvement in expectations suggests an increase in consumption in the next quarter. The index of intention to purchases of higher value grew 3.1% in the quarter. However, the index has fallen by 3.8% compared with the third quarter of 2008.




Source: G1

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

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