Clipping of news on Brazilian Culture, Law and Citizenship
08/09/2012
This article was translated by an automatic translation system, and was therefore not reviewed by people.
According to indicator, price reductions, interest and tax (IPI) on some products retail favored the hiring credit
The indicator of Intent Household Consumption (ICF), published by the Federation of Trade in Goods, Services and Tourism of the State of São Paulo (FecomercioSP), increased again in July after two months of decline, and reached 142.3 points, compared to 138.9 in June, which means an increase of 2.5%. In comparison with July 2011, the variation was also 2.5%. The indicator oscillates on a scale of 0 to 200 points and fairly optimistic when over 100.
The Perspective of Consumption rose 5.6% and Level of Current Consumption rose by 4.2% over June, reaching, respectively, 142.6 and 111.4 points. "The result of these items from Sao Paulo shows that families are more likely to consume now than the same period in 2011," the organization said in a statement. The subindex Access to credit also recorded significant expansion of 4.8% and reached 162 points, the highest level among the items evaluated by the ICF, which heard 2,200 consumers in the municipality of Sao Paulo.
The two items related to the labor market, employment and Current Perspectives Professionals, rose 1% and 4.1% respectively to 142.5 and 145 points. Only two sub-indices, among the seven that make up the ICF, shrank in July over the previous month: Current Income, with negative growth of 0.2% to 147.9 points, and Momentum for Durable Goods, which fell 1.7% to 145 points.
According to FecomercioSP, reducing prices, interest and tax (IPI) on some products retail favored the hiring credit, once the families have more security in being able to repay the financing. "However, the increase registered in July does not mean a change in trend," noted the document. "In a turbulent scenario like this, it is natural for families to float their satisfaction according to the news of economic activity."
Gifts
For Father's Day on Oct. 12, the Brazilian trade is expected to grow by 3.5% from the same date in 2011, informed the National Confederation of Shopkeepers (CNDL). Research Protection Service (SPC Brazil), also released on Friday shows that 41% of consumers will not buy gift to celebrate the date. Of these respondents, 18% claimed lack of money and 61% said they would not give for personal reasons (deceased father, sick, away, among other reasons).
Women are demonstrating greater intent to gift on Father's Day, with 63% of Intent from 50% among male consumers. Most respondents will purchase to the last minute: 77% will choose this week before the deadline. Clothes and shoes are the most highly rated items, with 56% of purchase intentions.
Source: Ig News
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This article was translated by an automatic translation system, and was therefore not reviewed by people.