Brasília – The National Index of Consumer Expectation (INEC) rose 2.7% to 113.6 points in November, the highest level since January 2014. It was the fifth straight increase of the indicator, which is 5.8 points above the historical average of 107.8 points. The data was released this Friday (23) by the National Confederation of Industry (CNI).
This month’s INEC is 12.5% above the one registered in November of last year. To the CNI, the confidence improvement is crucial for the economic growth, since more confident consumers are more willing to spend, increasing demand, production, job creation and investments.
According to the confederation, the INEC improvement is the result, particularly, of an improvement in Brazilians’ perspective on inflation and job creation. However, according to the survey, consumers are still displaying uncertainty over the financial situation.
Translated by Sérgio Kakitani