Consumer confidence goes up in October

The National Index of Consumer Expectation (INEC) climbed 4.4% in October over September, but Brazilians are still cautious when buying.

Agência Brasil

Brasília – Despite being more optimistic regarding inflation, unemployment and personal income, and sensing an improvement of the financial situation, Brazilians are still cautious at the time of buying, according to a survey released this Wednesday (31) by the National Confederation of Industry (CNI).

According to CNI, the National Index of Consumer Expectation (INEC) went up 4.4% in October, in comparison to the previous month, to 110.6 points, the highest value since October 2014, and above the series’ average of 107.7 points.

CNI believes that among the main reasons for the increase in confidence is the improvement in the financial situation in the last few months. Consumers also are more optimistic regarding personal income, unemployment and inflation. However, the confederation states that Brazilians continue to be cautious when buying, since the Expectations of Higher Value Purchases Index, of items such as furniture and home appliances, went down.

Translated by Sérgio Kakitani

Tânia Rêgo/Agência Brasil

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