Thursday, August 23, 2018

Intention of household consumption increasing 0.6 percent in August compared to July

The Brazilians were more likely shopping in August, according to the National Confederation of trade in goods, services and tourism (CNC). The intention of household consumption (ICF) rose 0.6 percent compared to July, to 85.6 points, after two consecutive months of falls. In comparison with August of last year, the advance was of 10.7%. Four of the seven components of the research had growth in July to August passage, highlighted by the current consumption level (+ 3.4%) and the perspective of consumption (+ 1.8%). " This movement suggests that the shock of the families with the truckers ' strike is getting back to the extent that price shocks observed shortly after the outage (truckers) is not replicated in the weeks following "evaluated the Economist Antonio Everton, the CNC, in official statement. The reduction in prices after the supply crisis caused by the strike of truckers over 11 days in may, did advance the evaluation also consumers about current income (+ 0.3% to 99.3 points). However, more than half of households (51.5%) declared to be consuming less today than a year ago (59.3%). The survey showed that the labor market is still concern for the Brazilians. The components which measure the perception about the current job (-0.4% to 112.4 points) and the professional perspective (-0.8%, to 100.2 points) were negative in relation to July, despite still remain in the area, over 100 points. " This indicates the greatest fear of families faced with the inability of the economy to grow and generate jobs more consistently, "he added Everton.
DCI - 22/08/2018 News Item translated automatically
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