27/06/2016 10h11 - Updated 27/06/2016 10h11

Consumer confidence will the highest level in a year, says FGV

Second FGV, the index recorded a 3,4 points in June over the previous month.
Photo: reproduction
Photo: reproduction

The Brazilian consumer confidence slipped in June for the second time in a row before another improvement in expectations and reached the highest level in a year, He said on Monday the Getulio Vargas Foundation.

Second FGV, Consumer Confidence Index (ICC) recorded a 3,4 points in June over the previous month, getting at 71,3 points, highest since June last year.

The result was responsible for the Expectations Index (IE), showed that feed 6,0 points and reached 77,1 points, highest level since January 2015 (81,7). The Current Situation Index (ISA) We had indentation 0,8 point and was 64,7 points.

“There is a mismatch between the expectations of consumers regarding the coming months and satisfaction with the current situation. While the first advance significantly for the second consecutive month, the other revisits the historic low”, He said in a statement the coordinator of the FGV consumer survey, Viviane Silk Bittencourt.

The renewed confidence is a crucial point for the government for the country to get out of recession and improve the labor market scenario, since attract back investments.

Source: Exame.com

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