A Consumer confidence 0.5 points grew in April before March, and the second indicated in a row Getúlio Vargas Foundation (FGV). The ICC Confidence Index (ICC) was 84.8 points in the seasonal adaptation chain. In quarterly moving averages, the index fell 0.5 points.
Anna Carolina Guevia, an economist at the Brazilian Institute of Economics at FGV (IBRE/FGV) at the FGV Institute (IBRE/FGV) at the FGV Institute (IBRE/FGV) at the FGV Institute (IBR/FGV) at the Brazilian Institute of Economics (IBR/FGV) at the Institute of Economics FGV (IBRE/FGV): “The second increase in consumer confidence recovers only 11 % of the inconsistent losses in the previous three months, between December 2024 and February this year. April result is driven by improving future expectations, especially in the local economic situation.”
In April, the expectation index (IE) was up from 0.7 points, to 88.1 points. The current situation index (ISA) offers 0.1 points, to 81.1 points.
As for the current moment, the perception of personal funding for families has decreased 0.6 points to 70.6 points, and the concept of the local economy increased by 0.7 points, to 91.9 points.
Among the expectations, the element that measures future families’ funds rose 1.1 points to 85.8 points. The element that measures the planned purchases of the durable goods decreased 1.8 points to 77.9 points, which establish the prospects for the future situation of the local economy, an increase of 2.7 points to 102.0 points.
“Of the corridors, there is only an improvement for families that receive between 2100 dollars and 9600 USD. Even with beginners improvements, consumer confidence still reflects strong pessimism. This feeling is particularly clear among families with the least -income families, which retreated from their confidence in the fifth consecutive month,” added Gofia. “
There was deteriorating confidence in the scope of low family income and the highest path in April.
The index moved from 79.0 points in March to 75.3 points in April between families of up to $ 2,100, a decrease of 3.7 points, while families ranging in income ranges between 2100.01 dollars to $ 4,800, Ringet, an amount of 2.0 points, from 84.5 points to 86.5 points.
The index moved from 82.0 points to 88.0 points between families ranging from income between $ 4800.00 and 9,600 dollars, a height of 6.0 points, and left 89.9 points to 88.9 points, 1.0 points, in the group that exceeds 9,600.01 dollars.
Consumer survey collected interviews between April 1 and 21.
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