Rio de Janeiro – The Consumer Confidence Index (ICC, in the Portuguese acronym) has declined by a combined 6.1% in 2013, after dropping by 1.2% in December. The information was released this Friday (20th) by the Getúlio Vargas Foundation (FGV), in the Consumer Expectations Survey. For the tenth straight month, the ICC is lower than the historical average of 115.7 points.
The ICC scored 111.5 points in December, the second worst result of the year, after July’s 108.3 points. In December last year, the ICC was 118.7 points.
According to FGV, the number of consumers who rate their financial status as good dropped from 23.3% to 21.9%. Those who rate their financial situation as bad have gone from 10.8% to 12.9%.
Regarding expectations for the economy, 26.6% believe the scenario will improve, as against a 28.4% rate in November. The rate of those who believe the scenario will worsen has also dropped, from 19.9% to 19.5%.
*Translated by Gabriel Pomerancblum
