Consumer confidence rose 2.9 points in February compared to January, in the seasonally adjusted series, informed this Tuesday (22) the Fundação Getulio Vargas (FGV). It is the highest level since August 2021.
The Consumer Confidence Index (ICC) reached 77.0 points. In quarterly moving averages, the index increased by 0.7 point.
“In February, there was an improvement in consumer confidence influenced by a less negative assessment of the current situation and by an increase in expectations regarding the coming months. The highlight was the increase in the intention to purchase durable goods, which has been falling for five consecutive months,” said Viviane Seda Bittencourt, coordinator of Surveys at the Brazilian Institute of Economics at FGV (Ibre/FGV), in an official note.
“The positive result may have been influenced by Auxílio Brasil in the lower income brackets, more favorable perspectives on the labor market and the economic situation that became more optimistic, with indicators exceeding the neutral level of 100 points.”
However, the researcher from Ibre/FGV suggests caution in analyzing the results, since the confidence indicator remains at a historically still “very low” level.
Consumers also show “volatile behavior” in recent months, which shows “that high uncertainty has greatly affected the maintenance of a clearer trend in confidence in the short term”, added Viviane.
In February, the Current Situation Index (ISA) rose 1.5 points to 67.6 points, while the Expectations Index (IE) rose 3.8 points to 84.5 points.
The item that measures satisfaction with personal finances rose 1.7 points in February, to 61.7 points, and the one that measures perception of the current economic situation grew 1.0 points, to 74.0 points, the third consecutive month. of advances.
Despite the improvement, both components remain at a low level in historical terms.
As for expectations for the coming months, the item of intention to purchase durable consumer goods increased 8.8 points, to 69.1 points, after five consecutive months of losses.
The item that measures the outlook on the family financial situation dropped 0.4 points, to 84.2 points, while the component that captures the projections on the general economic situation rose 2.7 points, to 102.3 points.
In the month of February, confidence increased in all family income brackets, especially among consumers with lower purchasing power.
Among families receiving up to R$2,100.00 monthly, the ICC rose 6.5 points to 75.6 points, the highest value since March 2020, when the indicator was at 82.5 points.
The Consumer Survey collected information from 1,478 households, with interviews between February 1st and 19th.
Source: CNN Brasil

I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.