News

Families’ consumption intentions stay weak

13 de julho de 2016

An index from Brazil’s National Confederation of Industry remained flat this month compared with last one, but plummeted by 21% over July 2015.

Rio de Janeiro – Families’ Consumption Intention remained unchanged in July from June of this year at 68.7 points, the National Confederation for Trade in Goods, Services and Tourism (CNC) said this Wednesday (13). However, there was a 21% drop in July from a year ago. CNC said consumer confidence remains weak and is poised for a slow recovery, since families’ indebtedness levels are high.

In July from June, there was an improvement in four of the seven components tracked. Consumer satisfaction increased regarding current employment (1.2%), career outlook (0.6%), current consumption level (1.2%) and current income (0.1%).

Intentions weakened for installment purchases (-0.8%), likelihood of consumption (-1.4%) and likelihood of purchase of durable goods (-2.2%).

In July from a year ago, all seven components deteriorated: current employment (-10%), career outlook (-9.8%), current consumption level (-34.5%), current income (-18.9%), installment purchases (-25.5%), likelihood of consumption (-29.7%) and likelihood of purchase of durable goods (-31.3%).

*Translated by Gabriel Pomerancblum