Consumer confidence closes the year with a positive balance and zero losses of the last 2 years

The Consumer Confidence Index (ICC) measured by the Brazilian Institute of Economics of the GetĂșlio Vargas Foundation (FGV Ibre) registered an increase of 2.7 points in December, to 88 points, after falling in the last two months.

In quarterly moving averages, the index retreats 0.3 point, to 87.3 points after rising in the last five months, said the institute this Monday (26).

“After two months of decline, consumer confidence has risen, recovering part of the losses suffered. The improvement in confidence reflects an increase in optimism in relation to the coming months, mainly for families with lower purchasing power who have been more indebted and suffering more from the effects of inflation and high interest rates”, said Viviane Seda Bittencourt, coordinator of polls, note.

The specialist considers that the evaluations about the moment still remain stable, but with a worsening in the perception about the job market, which generates caution in the intention of purchases in the short term. “The year closes with a positive balance and the losses accumulated in the last two years are erased, but a long way is needed for confidence to overcome the neutral level, stimulating consumption”, she says.

*Posted by Ligia Tuon

Source: CNN Brasil

You may also like