Intention of consumption in SP decreases in may after political crisis

São Paulo – the troubled political framework in Brazil negatively affected the intention of consumption of paulistanos in may, according to research of the Federation of trade in goods, services and tourism of the State of São Paulo (FecomercioSP), published on Thursday.
Exceptionally, the entity has calculated the index of intention of household consumption (ICF) São Paulo in two periods of the month, separated by the disclosure about the tipoff of JBS''s executives and the J&F controller, involving the President Michel Temer and other political leaders.
The CCI calculated from interviews with 1100 people of São Paulo on May 10 – before the tipoff-stayed at 78.8 points. In new survey may 25, the day after the tipoff, fell to 76.7 points.
Calculated on a monthly basis, the index ranges from zero to 200 points, and below 100 points means dissatisfaction and above 100 satisfaction in relation to conditions of consumption.
For the FecomercioSP, the political environment does not allow more ensure that economic reforms and targeting remain fully shielded and immutable, so there is an unwanted increase of uncertainty.
"Although the economic moment seems to improve, ... a deep crisis and, mainly, prolonged, can abort this process", says the organisation, in a statement.