Falls intention of household consumption, says CNC

The intention of household consumption (ICF), research presented by the National Commerce Confederation for goods, services and tourism (CNC), scored 2.1% drop (135.1 points) in comparison with the month of December last year and retreat of 3.3% over January 2012. The explanation for the fall, according to the Economist of CNC, Bruno Fernandes, is seasonal effects at the beginning of the year, when the appetite for consumption decreases on account of the costs coming in January, the case of PROPERTY TAX, PROPERTY TAXES and school spending, combined with a debt made in December in the holiday season.
"Looking ahead to the monthly variation with seasonal effect, when looking at the month of December 2012 against January, we realize that the December spending and costs that will come at the beginning of the year influence on consumer intent. Are seasonal effects. But it is worth remembering that in December 2011 and January 2012, we had a consumer stimulus movement, with the IPI reduction and increased access to credit, "he says. It also highlights how the negative percentage points in the survey that the readjustment of the minimum wage this year be lower than that registered in January 2012.
"We cannot talk, however, that this fall will be followed online throughout the year.
The trend is that the labor market remains in a favourable pace, as well as the credit rate is still favorable. We expect a scenario also more optimistic with regard to delinquency ", commented.
According to him, the projection of growth of trade in 2013 should be at 7.5%.
By income ranges, the cuts show that the result of the index in the monthly comparison was sustained mainly by the reduction of trust of families with income above ten minimum wages, with drop of 3.2%. Families with incomes below ten minimum wages showed 1.8% indentation.
The item "current job", inserted in the survey recorded fall of 0.3% in relation to December and low of 3.2% in comparison with January last year. Despite the annual decline, a greater percentage of families feel safer in relation to current job (49.5%). Maintaining A low unemployment rate still feeds the trust level in a favourable level. The low unemployment rate and the real wage growth keep the optimism.