Clipping of news on Brazilian Culture, Law and Citizenship
08/24/2010
This article was translated by an automatic translation system, and was therefore not reviewed by people.
Although this is the sixth consecutive month of high-index, for the last two survey there was a deceleration in the index. Last month (June / July), the increase was 1.1%, compared to growth rate of 1.9% in May / June.
According to the survey, Brazilian consumers remain satisfied with the present and optimistic outlook for the months ahead.
ISA (Current Situation Index) rose 0.6%, going from 134.9 in July to 135.7 points in August, reaching a new record. IE (Expectations Index) increased 0.7%, going from 112.1 to 112.9 points, the best result since 2008 (117.6 points).
In August, the indicator measuring satisfaction with personal finances rose by 1.3% compared with the previous month, reaching the maximum of the series started in September 2005 (114.5 points). The proportion of consumers who value the family's financial situation at the moment as good increased from 24.1% to 25.8% of the total, of those who consider the poor rose from 11.1% to 11.3%.
According to FGV, among the questions in the ICC, "the momentum indicator for purchases of durable goods has exercised the greatest influence on the favorable performance of the index in the month." The share of consumers who purchase larger project within six months rose 14.0% to 16.6% of those who predict smaller purchases rose from 27.9% to 27.1%.
The Survey of Consumer Expectations is performed on a sample of over 2,000 households in seven of the main Brazilian capitals.
Data collection for the August issue of 2010 was held between July 30 and August 19, 2010.
Source: Folha de S. Paulo- Online
This article was translated by an automatic translation system, and was therefore not reviewed by people.